I haven't had time to digest this yet, but it's good to see it. This is exactly what Hal Salzman and I have been saying. There are some wrinkles to the story - S&E degrees don't have to go to S&E jobs, and often don't, and that can be a very good thing. But generally speaking the point is right that labor shortages are not the problem in this market and never really have been.
Some of the people quoted in the article are going to be at the Georgetown University roundtable I'll be participating in on Thursday and Friday - very nice timing on this one.
A Freudian Explanation of Paul Krugman
1 hour ago