protectionist
Diamond Member
- Oct 20, 2013
- 57,101
- 18,350
- 2,250
- Thread starter
- #1,441
Shortage of skilled workers in America ?
![bsflag :bsflag: :bsflag:](/styles/smilies/bsflag.gif)
There are simply no structural changes capable of explaining the pattern of sustained high unemployment over the last five years. What we have, instead, is an aggregate demand problem. The reason we are not seeing robust job growth is because businesses have not seen demand for their goods and services pick up in a way that would require them to significantly ramp up hiring. The right policies for the present moment are, therefore, straightforward.
And the first and foremost policy would be to stop immigration (legal and illegal) which contributing highly to the lack of aggregate demand. No, businesses have not seen demand for their goods and services pick up, and one of the primary reasons is because he dollars$$$ that ordinarily would flow into their cash registers, are instead flowing out of the country in wires (remittances$$$) sent by immigrants.
http://www.cfr.org/united-states/fe...nt-reform-myth-skilled-worker-shortage/p26643
http://www.epi.org/publication/shortage-skilled-workers/
A host of academic studies have debunked the notion—but you don’t need a Ph.D. to figure it out. You just need to recognize the law of supply and demand.
“It’s hard not to break out laughing,” one economist noted recently. “If there’s a skills shortage, there has to be rises in wages [for skilled workers]. It’s basic economics.”
Yet wages in manufacturing—even for skilled workers—are stagnant at best.
http://www.labornotes.org/2014/01/skills-gap-convenient-myth
http://www.utsandiego.com/news/2013/May/05/samuelson-skilled-worker-shortage-myth/
![hellno :hellno: :hellno:](/styles/smilies/hellno.gif)
![bsflag :bsflag: :bsflag:](/styles/smilies/bsflag.gif)
![bsflag :bsflag: :bsflag:](/styles/smilies/bsflag.gif)
There are simply no structural changes capable of explaining the pattern of sustained high unemployment over the last five years. What we have, instead, is an aggregate demand problem. The reason we are not seeing robust job growth is because businesses have not seen demand for their goods and services pick up in a way that would require them to significantly ramp up hiring. The right policies for the present moment are, therefore, straightforward.
And the first and foremost policy would be to stop immigration (legal and illegal) which contributing highly to the lack of aggregate demand. No, businesses have not seen demand for their goods and services pick up, and one of the primary reasons is because he dollars$$$ that ordinarily would flow into their cash registers, are instead flowing out of the country in wires (remittances$$$) sent by immigrants.
http://www.cfr.org/united-states/fe...nt-reform-myth-skilled-worker-shortage/p26643
http://www.epi.org/publication/shortage-skilled-workers/
A host of academic studies have debunked the notion—but you don’t need a Ph.D. to figure it out. You just need to recognize the law of supply and demand.
“It’s hard not to break out laughing,” one economist noted recently. “If there’s a skills shortage, there has to be rises in wages [for skilled workers]. It’s basic economics.”
Yet wages in manufacturing—even for skilled workers—are stagnant at best.
http://www.labornotes.org/2014/01/skills-gap-convenient-myth
http://www.utsandiego.com/news/2013/May/05/samuelson-skilled-worker-shortage-myth/
Last edited: