Employment Fantasies

From The Economic Populist:

There is no skills shortage, none. In fact employers are being absolutely ridiculous in their hiring practices. It's so bad, employers use software and third party rejection job application websites, which pretty much guarantee a candidate will be rejected. These websites and software are like virtual wastebaskets for your resume. No human involved, it's automatic, guaranteed rejection. It's so bad, an HR executive applied for his own job and was rejected.

If you think American Business Leaders (and their Coin-Operated Politicians) are really worried about unemployment, think again.  Labor is a market just like any other market. When the supply of laborers exceeds the demand for laborers, then employers can push down on the cost of labor while raising their expectations of any candidate's qualifications, which is exactly what we're seeing.

Unemployment only becomes a problem when we can no longer be bought off or distracted or intimidated.  In the meantime, getting dirt-cheap labor because you've got  400 applications for every open slot is a very good problem to have.