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Monday, February 23, 2015

Krugman on the bullshit "skills gap"


Kruggers - on the supposed "skills gap". Yes, there's such a horrible skills gap, oh my, so bad it is in fact that wages have been skyro-


Wait, what?

I mean, if high skills are in such demand, why have real median wages for educated men gone down consistently over the past 10 years?

Kudos to Kruggers for killing this argument with one simple chart. There is no "skills gap" because basic economics says the excess demand would make median wages go up to encourage new supply. Instead wages have spent 15 years going down.

You want someone with skills? Pay him for them, you cheap capitalist fuckers.


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