How About the "Stupid Boss" Theory of Why It Takes So Long to Fill Vacant Jobs

The usually insightful Matt Yglesias takes a big swing and a miss in his effort to explain why it appears that so many vacancies are going unfilled. He notes the rise in vacancies and also the increased period of time that employers are taking to fill vacant positions.

He then asks the obvious question as to why employers don't raise wages if they aren't getting qualified applicants. Remarkably he accepts the argument that there may be no point in offering hiring wages since workers with the...