As I See It: Induced Labor
April 23, 2007 Victor Rozek
I’ve been reading a lot lately about the great American labor shortage. Boomers are beginning to retire and expire, the theory goes, and corporations are scrambling to find sufficient legions of white-collar professionals to fill the void. Having looked in all the closets and finding no professionals lurking within, they have little choice but to continue outsourcing high-tech jobs and taking reluctant advantage of foreign labor through the H-1B program. And it sounds so probable too, except for that free market thing. A funny thing is supposed to happen in a free market economy when there is a labor shortage: |