King Rat (gkr) wrote,
King Rat

Quote of the day:

This article argues that there is a shortage of skilled labor based on the statements of a number of employers. At one point it reports that it is not realistic for employers to offer higher wages “because it would make them uncompetitive.”

If this is true, then there is not really a shortage of skilled workers. Employers always want to pay workers less than they do. Other things equal, lower pay for workers leads to higher profits. However, if the market will not support paying these workers higher wages, as this article claims, then there is no shortage of supply. Firms simply want to be able to hire workers at below the market price in the same way that homebuyers would like to buy a home at below the market price.


  • Last post

    I don't plan to delete my LJ (I paid for permanent status, dammit), but this will be the last post. I don't plan to read it anymore, either…

  • Unemployed

    Turns out my insurance is cut off at midnight tonight, not the end of the month. In a way, that's a good thing. Now I'll move my appointment…

  • Home from the cruise, off to Sunnyvale

    A week off, but tomorrow I head to the home office for a week there.

  • Post a new comment


    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened