Tuesday, November 29, 2011

Destroying Careers

As the Tories decimate the state, it's worth remarking that many people losing their jobs will never find comparable jobs again. It isn't because they're stupid, it's because they spent their lives investing in job-specific human capital which isn't all that transferable to other professions. It isn't unique to government jobs, nor universally true of them, but the skills learned in public sector jobs can be pretty specific to that department/organization. They're starting from scratch.