I have heard a couple of reports in the past week or so of employers putting off their apprentices as a result of the recent financial market turmoil and uncertainty regarding the future. While I understand the need for caution and appropriate measures in these challenging times, the risk of this approach and failing to plan accordingly for the future is high and will exacerbate skill shortages in the long term.
The failure to train appropriate numbers of apprentices and trainees during the economic downturn of the late 1980s and early 1990s has been a major contributing factor to the current skill shortage problems we face today. If we don't continue to invest in our future today then tomorrow will hurt even more so.
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