I can't find a doctor to work for me for $30 an hour. According to the NYT this would mean that the United States has a doctor shortage. That appears to be the logic of a major article asserting that Europe's economy is suffering from a shortage of skilled workers even as its unemployment rate is near 12 percent.
The piece never once mentions the trends in wages for workers with the skills that are allegedly in short supply. As a practical matter, there has been a shift from wages to profits...
Published on January 04, 2014 04:26