skills mismatch
SKILZ MIS-mach
skɪlz ˈmɪsmætʃListen
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Dictionary meaning
the condition in which the qualifications, competencies, and knowledge that workers possess do not align with the requirements of available job vacancies, producing simultaneous unemployment among workers whose skills are no longer in demand and unfilled positions for employers unable to find qualified candidates; skills mismatch can occur as vertical mismatch, in which workers are over or underqualified for their positions, or as horizontal mismatch, in which workers' field of qualification differs from their occupation; it is a persistent feature of dynamic labour markets undergoing technological or structural change, and its costs include reduced productivity, higher wage inequality, and human capital waste when highly educated workers are employed below their qualification level
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