Shortage of skilled workers hasn’t driven up wages

‘Manufacturers across the Upper Midwest will tell anyone who listens that they have jobs to offer — more than 2,000 welding positions in Minnesota alone — but not enough solid applicants. They point to a “skills gap” between the jobs available and the people looking for work.

‘Textbook economics says this should be good news for anyone who can strap on a helmet and make the sparks fly. If good welders truly are hard to find, employers should pay more to get them. Yet that isn’t happening, leading some economists to question whether the skills gap is the issue.’

via Riveting debate: ‘Skills’ vs. ‘pay’ gap –

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