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.

Share This Post
Facebook Twitter Email

Speak Your Mind

*