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Marketplace All-in-One

Workers want “human skills,” but are employers willing to train them?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 25 October 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Employees are overwhelmingly in favor of upskilling in areas we call “human skills”, which include things like leadership, communication, and adaptability, according to a recent survey. However, more than one in three workers say their jobs offer little to no opportunity to improve these skill sets. We look at what’s behind the gap. Plus, airline customers may find themselves bracing for higher ticket prices as companies report high demand for seats and less supply. And, we hear from one of the winners of this year’s Nobel Prize in Economics about why China’s economic model has succeeded thus far — and why it might face challenges in the future.

Transcript

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0:00.0

The case for getting on the job training in how to be a person.

0:05.0

I'm David Brancaccio.

0:08.0

The four biggest U.S. based airlines of all reported summer into fall results now and a theme emerges.

0:14.0

Passengers should brace themselves for higher fares over the coming months.

0:18.0

That's in part because airlines are offering fewer seats for sale even as demand for year-end travel could be strong. FU

0:25.0

Sats for sale, even as demand for year-end travel could be strong. A demand meets less supply play.

0:27.0

Marketplace is Nova Safo is here with more.

0:29.0

Yep, supply and demand. There was a period over the summer, David,

0:32.0

when airlines had too many seats on offer and not enough passengers that led to airfares declining. The industry corrected itself. It cut back on how many seats are available for sale on domestic flights and that's bearing fruit.

0:44.4

Fares are up. American and Southwest yesterday both surprised with relatively

0:48.8

cheery results. Americans said third quarter sales were up and it lifted its forecast for annual profits.

0:54.8

Southwest eked out a surprise profit of $90 million and we've already heard from United

0:59.3

and Delta, they both reported strong revenues as well. There's news regulators in Washington will look into the state of competition among airlines.

1:07.5

These revenues and profits will factor in, I would imagine.

1:10.0

Well, certainly if you're thinking public relations, cheery earnings reports from airlines

1:14.9

right now may not help them.

1:16.6

And yes, the Justice and Transportation Departments are asking for public comments about consolidation

1:21.1

and the availability and affordability of air travel.

1:24.0

Comments can be submitted through the website regulations.gov until December 23.

1:28.0

Now the industry trade group Airlines for America responded to this saying that

1:32.0

questioning whether the timing is of this

1:34.3

federal inquiry might be politically motivated coming so close to the election David.

...

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