Where are all the Workers? Corporations Worldwide Encounter a Labor CrunchSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Where are all the Workers? Corporations Worldwide Encounter a Labor Crunch
 


31 March 2007 at 9:58:13 AM
salon

Not only was this an interesting article but it sheds some light on some lies from the Bush administration. #1, if employers pay more, there would not be a labor shortage. #2. It shows why Karen Hughes et al are pushing training (Americans? No!) Indians... because "few have the skills and language abilities to work in an advanced multinational corporation".

Economists, of course, will tell you there's no such thing as a labor shortage. From a worker's viewpoint, many so-called shortages could quickly be solved if employers were to offer more money. And worldwide, millions of people still can't find jobs. The strongest evidence that there's no general shortage today is that overall worker pay has barely outpaced inflation. In the U.S., the share of national income going to corporate profit, rather than, say, labor, is hovering around a 50-year high. With so many people newly available for work in China, India, and the former Soviet Union, the only thing that could cause a real shortage would be "a global pandemic that kills millions of people," Harvard University economist Richard B. Freeman wrote in a research paper in September.


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