To understand America’s job market, look beyond unemployed workers
Why talk of a skills shortage is overblown
Sitting in a medical clinic recently, as a young-looking nurse extracted blood from his veins, your columnist’s mind turned to the flexibility of the American labour market. How long, exactly, had she been on the job? The somewhat shocking answer: it was her first month. Six weeks of training was all it took, she explained, to make the transition from eyelash technician to phlebotomist, which offered higher pay and better hours.
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This article appeared in the Finance & economics section of the print edition under the headline “Cracking open the Beveridge”
Finance & economics October 7th 2023
- A surge in global bond yields threatens trouble
- Oil prices fall, defying suggestions of a $100 barrel
- Why investors cannot escape China exposure
- Why India hopes to make it into more big financial indices
- China’s greying population is refusing to save for retirement
- How carbon prices are taking over the world
- To understand America’s job market, look beyond unemployed workers
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