Thursday, June 7, 2012

Skills Sharp on Both Sides of the Atlantic!

Mark Thoma has a good post on the lack of evidence of a shortage of skills in the US labor market as a cause of high unemployment and low output. It meshes with what I was saying about Europe a few posts ago, about how producutive Europeans are being kept from work for nominal reasons (more elaboration later). Anyway, its true, on both sides of the pond. Check it out.

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