Re:Why American Workers Without Much Education Are Being Ham...
by tormeh on Wednesday April 22, 2015 @08:49AM
(#9419965)
Reasons for lack of demand:
-phase lag: It takes a while for the economy to find uses for increased labour.
-Until the above is fixed: Unbalanced levels of education: The economy requires x amount of elementary graduates per y amount of high school graduates per z amount of university graduates. Mostly unskilled immigrants don't come in these ratios and therefore introduces imbalance, meaning there's a surplus of unskilled workers
-phase lag: It takes a while for the economy to find uses for increased labour.
-Until the above is fixed: Unbalanced levels of education: The economy requires x amount of elementary graduates per y amount of high school graduates per z amount of university graduates. Mostly unskilled immigrants don't come in these ratios and therefore introduces imbalance, meaning there's a surplus of unskilled workers