Jul
19

Deficient Demand

unskilled workerThe labor force participation rate has fallen substantially for workers with, at most, a high school degree. This fall in the supply of low-skilled workers should raise wages. Yet, their wages have fallen 25% compared to workers with a college degree. This means the demand for unskilled workers has fallen by more than the supply. The solution; raise the skills of these labor force dropouts to boost employer demand.

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  1. craig gerber says:

    Thank you for the numbers Elliot. Your solution sounds good. Do you have any suggestions or numbers on what skills for what jobs (long term jobs)? For example, medical jobs are looking up.

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