The Town That Tried Retraining Itself

When we talk about the current realities of work and how it’s changing, there’s one thing we can all agree on: to survive, learning new skills — or switching jobs entirely — will likely be essential.  And as daunting as that prospect may sound, this isn’t the first time the American worker has had to adapt to get ready for the workforce of the future. With that in mind, what lessons can we learn from the Great Recession to help everyone rebound more quickly?  This week, we hear from Amy Goldstein, a staff writer at The Washington Post and the author of Janesville: An American Story. Her book focuses on the closing in late 2008 of the oldest-operating GM plant in the country and how workers in the area fared in the five years that followed. One of her findings is that workers who went through retraining programs often ended up worse financially than those who didn’t. Chip and Caroline dig in to what went wrong and what lessons can be learned.