Wednesday, May 8, 2013

A great Robert Samuelson article seems worth noting... few and far between, etc. And it's not just a good piece because it cites my EPI paper (it actually cites several recent studies)! He even talks about William Beveridge!

Here's the excellent conclusion:
"No doubt the economy’s future would be brighter if workers had more skills. But we shouldn’t mistake a long-term goal for a short-term problem. The idea of widespread labor shortages in an era of high unemployment seems absurd — and is. Today’s crucial scarcity is not skills. It’s confidence."
Now some disagreements might come in if we were to talk about the source of the lack of employer confidence, but let's not end the magic just yet.

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