There are plenty of reasons why higher education in the US needs to change. There are plenty of good reasons why community colleges in particular deserve greater investment. But the idea of a "skills shortage" is not one of them. It's a zombie idea that's wrong, wrong, wrong.
Continuing what has turned into a short series on unemployment and structural unemployment in particular (see Monday and yesterday's posts), let us look at some of the claims that structural unemployment. First up, Brad Delong points us to Kevin Drum who tells the following story: Kevin Drum: Skilled Jobs Go Begging? Not Quite: The Wall … Continue reading Below Market Wages Belies Claims of Structural Unemployment