“The dilemma is becoming more common across the country as employers report increasing numbers of job openings. But many of those jobs are not a good fit for those who are out of work. The reason, economists say, is that the recession accelerated the decline of some industries, such as housing construction, as others that require far different skills, including health care, emerged stronger.” (Washington Post)
A lesson in Austrian macroeconomics.
FEE Timely Classic
“A Microeconomist’s Protest” by Mario Rizzo