Don't believe the whining about a 'skills gap': Michael R. Strain
Basic supply-and-demand logic suggests that raising wages will broaden the pool of workers interested in a job.
By Michael R. Strain|May 23, 2018 at 08:01 AM
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(Bloomberg Opinion) –There are about 6.5 million job openings in the U.S., a record high. The number of people looking for work without success is falling as well, and this combination means that the economy now has close to one active job seeker for every open job.
The unemployment rate is below 4 percent — another indication that workers who are actively looking for jobs can find them.
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