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Zalatix

(8,994 posts)
Thu Feb 23, 2012, 02:39 AM Feb 2012

There is no skills shortage in America's workforce - here's the dead giveaway evidence [View all]

http://www.huffingtonpost.com/2012/02/21/skills-mismatch-unemployment_n_1292273.html?ref=business

The Bureau of Labor Statistics also calculates job openings in manufacturing -- and its numbers are less than half those cited by the Post, which attributed its figures to the Manufacturing Institute, an industry trade group. According to the government data, last year the average number of vacancies was less than 230,000. There are seven to eight times that many unemployed manufacturing workers, Sum said. The Post reported that the shortage of skilled workers has also pushed up wages. But here, too, Sum said, the evidence does not match up.

Since the beginning of the century, manufacturing wages for production workers have barely increased, Sum said. And in the last two years, as employers have said they've been having difficulty filling spots, wages have declined slightly.

"If there was a big shortage of workers, than we should find wages rising. But this just isn't the case," Sum said. "That doesn't mean that specific companies won't ever have trouble finding a machinist, but when you add it all up, it doesn't amount to very much."

The summary: Who ever heard of a skills shortage that didn't coincide with a rise in wages for those who have the desired skills?

As I said... a dead giveaway. The liars have been caught red-handed.
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