If the United States really has a critical shortage of scientists and engineers, why didn’t this year’s graduates get showered with lucrative job offers and signing bonuses?
... employers don’t have to throw around that kind of money because there’s no shortage of workers — and they won’t be increasing their offers if the federal government artificially inflates the labor supply with an extra 100,000 graduates. As Daniel S. Greenberg wrote in the Scientist magazine in 2003: “Despite the alarms, no current or impending shortage exists, and never did. Instead, we’re glutted with scientists and engineers in many fields, as numerous job seekers with respectable credentials can attest.”
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Monday, October 20, 2008
John Tierney doesn't see a shortage of scientists or engineers
anymore than I did this past spring. He observes:
Labels:
economics
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