A Well-Funded Startup Emerges From the Unemployment Lines
wired.com
wired.com
LearnUp, by recognizing it first, will profit as the middle class further disintegrates into various strata of indentured servitude.
Corporations hold all the chips and so the labour force is obligated to take a paycut--but since there is a minimum wage the paycut has to come somewhere else. The market treats regulations as damage and routes around them.
Instead of the paycut coming in dollars, it comes in the form of pre-application training requirements, internships, strange work hour arrangements, complicated contracting situations, etc.
Sometimes the limiter was capital expenses....You couldn't go to your toolshed and train on how to work in a steel mill, so instead you got trained on the job.
Sometimes the limiter was social.... such as with lawyers---they receive on the job training because you can't just graduate and start taking cases for "practice".
On-the-job training will remain alive and well for people who are hiring into specialized positions (e.g. database scaling specialists, engineers for financial firms, anything to do with hardware, etc.).
Why do you think it's dead?
More evidence that public education is completely broken in terms of job training.
Once upon a time, employers would actually train their new employees. These days they have managed to push those training costs onto publicly supported community colleges and the unemployed.