Labour market intermediaries: a corrective to the human capital paradigm (mis)matching skills and jobs?
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In: Journal of Education and Work, Vol. 30, No. 6, 2017, p. 571-584.
Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Labour market intermediaries
T2 - a corrective to the human capital paradigm (mis)matching skills and jobs?
AU - Dobbins, Anthony
AU - Plows, Alexandra
N1 - 2016 Taylor & Francis. This is the author accepted manuscript. The final version is available from Taylor & Francis via the DOI in this record.
PY - 2017
Y1 - 2017
N2 - The orthodox supply-side human capital theory (HCT) paradigm is inadequate for understanding and adjusting to labour market volatility in UK regional economies like Wales. This article explores the role of regional labour market intermediaries (LMIs) in matching supply (skills) and demand (job opportunities) in regional labour markets. Some LMIs emerge because the HCT paradigm is failing. One Welsh LMI, Shaping the Future (StF), is explored empirically using qualitative methods. StF mainly adopted HCT tenets, but with some emergent demand-side focus. Despite helping workers adjust to labour market shocks, LMIs are not equipped to fix the structural demand-side problem of finite quality job opportunities in deindustrialized regions that accentuate skill use. A broader ‘skill eco-system’ paradigm is required, emphasising the foundational economy.
AB - The orthodox supply-side human capital theory (HCT) paradigm is inadequate for understanding and adjusting to labour market volatility in UK regional economies like Wales. This article explores the role of regional labour market intermediaries (LMIs) in matching supply (skills) and demand (job opportunities) in regional labour markets. Some LMIs emerge because the HCT paradigm is failing. One Welsh LMI, Shaping the Future (StF), is explored empirically using qualitative methods. StF mainly adopted HCT tenets, but with some emergent demand-side focus. Despite helping workers adjust to labour market shocks, LMIs are not equipped to fix the structural demand-side problem of finite quality job opportunities in deindustrialized regions that accentuate skill use. A broader ‘skill eco-system’ paradigm is required, emphasising the foundational economy.
KW - Human capital
KW - Supply and demand
KW - Retraining
KW - labour market intermediaries
KW - Job quality
U2 - 10.1080/13639080.2016.1255315
DO - 10.1080/13639080.2016.1255315
M3 - Article
VL - 30
SP - 571
EP - 584
JO - Journal of Education and Work
JF - Journal of Education and Work
SN - 1363-9080
IS - 6
ER -