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pknopp, College grad unemployment is 2.7%, high school over 2x that, less than high school is around 9%.
Skilled jobs, college and other post-secondary training needed, are very difficult to fill. McJobs have far more applicants that are suitable than the quantity of openings.
We still have a mismatch of underqualified candidates who are shut out of the occupations which have trouble finding qualified candidates. That need not be a permanent situation.
What college at March Madness time chants, "We're number 12"?
pknopp, College grad unemployment is 2.7%, high school over 2x that, less than high school is around 9%.
Skilled jobs, college and other post-secondary training needed, are very difficult to fill.
No they aren't.
Quote:
McJobs have far more applicants that are suitable than the quantity of openings.
As is the case in most positions. This is what it's all about.
Atkinson goes on to imply that IT workers in the U.S. will just have to get accustomed to lower wages given that, “Companies can go overseas for workers.” Of course, the ITIF is a strong supporter of expanding the H-1B visa program for its high-tech paymasters, which has helped erode STEM wages, especially for engineers.
Driving down wages. Now whether or not that needs to be done is another question but this is what it's about.
If you have more people with engineer degree's going after a limited number of jobs the pay offered goes down.
WHILE genuine immigration reform has the potential to fix a seriously broken system, four senators have introduced a bill to solve a problem we don’t have: the supply of high-tech workers.
The bill’s authors, led by Senator Orrin G. Hatch, Republican of Utah, argue that America would benefit from letting more immigrants trained in science, technology, engineering and math work in the country, with the sponsorship of high-tech companies like Microsoft and I.B.M.
But the opposite is the case: the bill would flood the job market with indentured foreign workers, people who could not switch employers to improve their wages or working conditions; damage the employment prospects of hundreds of thousands of skilled Americans; and narrow the educational pipeline that produces these skilled workers domestically.
We still have a mismatch of underqualified candidates who are shut out of the occupations which have trouble finding qualified candidates. That need not be a permanent situation.
What college at March Madness time chants, "We're number 12"?
Wrong, ContrarianEcon, We need to increase our skills. We once ranked 1st globally in college grad % of pop; now last I looked, we're number 12.
On every depth chart of post secondary skills, education, and training, a ranking other than 1st should be unacceptable to us.
That would let us maintain our giant gap b/w US and world median standard of living..by earning it. By being the world's best workforce, we'd take the BEST jobs, and leave the crumbs for the rest.
This has been answered thousands of times. We can decide who gets in and who doesn't. We can impose fines large enough to be deterrents to those who decide to skirt that.
The person who wants the skill upgrade pays for it? Why do you always think someone else has to pay? Oh yea, that's right, you suffer from the entitlement mentality.
Wrong, ContrarianEcon, We need to increase our skills. We once ranked 1st globally in college grad % of pop; now last I looked, we're number 12.
On every depth chart of post secondary skills, education, and training, a ranking other than 1st should be unacceptable to us.
That would let us maintain our giant gap b/w US and world median standard of living..by earning it. By being the world's best workforce, we'd take the BEST jobs, and leave the crumbs for the rest.
Where is the demand for this with outsourcing? Supply and demand. We've stopped doing things in the US.
This is what I have to say about supply and demand.
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Originally Posted by ContrarianEcon
Yes it is. I like to think about foot ball. It is ritualized combat. The rules don't favor one side above the other. Offence has it somewhat easier than defense so that we can have fun watching the game. But a lot of the rules are there so that the players don't get hurt.
Supply and demand needs that same kinds of rules for the same purpose. We need to encourage economic productivity over wastefulness. We need to make sure that the players don't get hurt.
Take Greece for example they currently have 27% unemployment. They are being punished for borrowing to much money. But who is punishing the other side for lending too much money? Those debts are bad, and so they suffer an economic loss. But a more functional plan for repaying the debts would put everyone to work and have everyone be less stressed fanatically.
The economy is currently out of whack. It needs some adjusting. What kind of adjusting and what kind of out of balance is open for debate.
What I think the problem is, is too much debt and not enough income. Adding income should fix the problem. Not everyone sees this. More are starting to but not enough. Unions and management have played the game as opponents rather than partners.
The simple truth is this The more you pay your workers the more they buy.
So unions have increased the wealth of the nation by getting money from where it is nonproductive and to where it is productive. Wages are a reward for being productive. The top would rather loan you the money than pay you wages as they think they can get their money back with interest if they do.
But the real way to get their money back with interest is to pay wages. That is productive rather then non productive. By moving jobs from a high labor market to a low one they have side stepped the effectiveness of unions. Unions need to follow the jobs and fight for higher wages in the new market.
China thinks that Unions are treason. So we need a different game plan to play there.
Wages get sustainable consumption. Debt driven consumption is long term unsustainable.
We have blown a debt bubble from 1981 on http://www.bearishnews.com/wp-content/uploads/2009/08/total-debt-gdp.jpg The substitution of debt for wages is trading a reduction in future consumption for an increase in present consumption. Well the future is here and consumption is off. And it will be off until we get our debts down or our wages up. Inflation in wages or writing off debts as bad. Make them good or forgive them. Take your pick.
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