Commentary: The Issue Is Employment, Not Employability

Amid our winter of worker discontent, a new buzzword found its way into the corporate lexicon: employability. As the media fixated on layoffs, gold-plated CEOs, among them Joseph T. Gorman of TRW and Randall L. Tobias of Eli Lilly & Co., dropped employability into their speeches. The Business Roundtable and the National Association of Manufacturers quickly embraced the notion, as did the Clinton Administration. "It's good business," said Vice-President Al Gore.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.