Wednesday, April 2, 2014
Jobs and Skills and Zombies
http://www.nytimes.com/2014/03/31/opinion/krugman-jobs-and-skills-and-zombies.html?_r=0 DUE 7 April 2014. Some employers complain that they can't find skilled workers; what does Krugman say should be the economic remedy for this? Who do employers blame for the plight of businesses in our economy? Krugman states that the "skills myth" is shifting attention away from other economic problems in the U.S. Name 3 of these problems being avoided by employers and why.
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Krugman say that if employers are really crying out for certain skills, they should be willing to offer higher wages to attract workers with those skills. In reality, however, it is very hard to find groups of workers getting big wage increases, and the cases you can find don't fit the conventional wisdom at all. Employers are blaming workers for their own plight, the skills myth shifts attention away from the spectacle of soaring profits and bonuses even as employment and wages stagnate. The three problems being avoided by employers are that it's the very fact of being out of work, which makes employers unwilling even to look at their qualifications. There are a lot of formal education have lower unemployment than those with less. The crucial point is also that unemployment remains much higher among workers at all education levels than it was before the financial crisis.
ReplyDeleteKrugman said that employers can “cure” this economic remedy by raising the wages for the employees that have the skills they are looking for. If they really were in desperate need of these skilled individuals then they would go to certain measures to accommodate their business and potential employees. The employers blame the long term unemployed workers who have the skills for the plight of businesses in or economy. They have lost their skills as they were unemployed so employers do not even look at their qualifications for an open position. The three other economic problems that the “skills myth” is shifting attention away are soaring profits, bonuses, and wage stagnates. Soaring profits are ignored because of employers not reaching potential output whether it is a service or product-based industry. Bonuses are not available because there is not enough money to receive a bonus. Wage stagnates are occurring due to this gap in the economy due to the failure to hire skilled workers.
ReplyDeleteEmployers are complaining that they can't find skill workers and Krugman says that the solution for this is to offer higher wages. "If employers are really crying out for certain skills, they should be willing to offer higher wages to attract workers with those skills." These skilled workers have potential that can help with their business and employers should be willing to pay higher wages. The employers are blaming the long term unemployed workers. "Moreover, by blaming workers for their own plight, the skills myth shifts attention away from the spectacle of soaring profits and bonuses even as employment and wages stagnate." "It’s the very fact of being out of work, which makes employers unwilling even to look at their qualifications."
ReplyDeleteThe 3 problems being avoided by employers are
1. Employers unwilling to look at their qualifications because they are out of work.
2. Bonuses not being available because there is not enough money
3. Profits are not being acknowledged because employers are not reaching potential output
“4 million jobs sit unfilled” because employers are complaining that they cannot find skilled workers. Paul Krugman thinks that employers should be willing to offer higher wages to attract workers with the certain skills that they want. Employers are blaming workers for their own plight of businesses in our economy. The skills myth is simply the fact that people don’t have enough skills to fill the jobs, and in turn would justify why so many people are unemployed. The skills myth is shifting attention away from other economic problems in the U.S. such as bonuses, wages, and the increase in profits. Bonuses are rarely given because of the supply of money the businesses have. The level in wages are stagnate because businesses are not willing to change them in order to hire more skilled workers. The increase in profits happen because the businesses have less people to share the money out too because of their lack of employees.
ReplyDeleteAccording to Krugman the economic solution for the theoretical “skill gap” problem facing America is to increase wages for the skilled jobs to entice workers to come for the jobs. If they really were in desperate need of these skilled individuals then they would make a greater effort to attract qualified employees. Employers are blaming workers for their own plight, they are saying that employees lack skill and many of them have been unemployed for long periods of time. The skills myth shifts attention away from the real problems of soaring profits and bonuses while employment and wages deteriorate. Three problems that are not being addressed are the fact that many higher educated and skilled workers are also unemployed, many big companies are not making efforts to help stimulate job growth, they rather send jobs to other countries, and also employers being unwilling to look at peoples qualifications because they have been out of work.
ReplyDeleteWhat Krugman suggests for employers to do when searching for skilled workers is for them to offer higher wages so those workers would be attracted to them. Sadly, employers are blaming workers for the plight of businesses in our economy. Krugman then states that the skill problem we are having for employers is driving the focus away from the country's true economic problems. Three major problems that are being avoided by employers is: they do not bother to look at someone's qualifications, they do not raise pay to attract more skilled workers, and never giving out bonuses. All three of these problems are making it harder for an employer to make a profit because they are too stubborn to change things which will be better for them in the long run.
ReplyDeleteSome employers complain that they can't find skilled workers; Krugman says that the economic remedy for this is to create higher wage so that it can attract skilled workers. Employers blame the long-term unemployed for the plight of businesses in our economy. Krugman states that the "skills myth" is shifting attention away from other economic problems in the U.S. Three of these problems being avoided are employers are not willing to increase the pay for the skilled workers. They don't have enough money to reward their employees with bonus and incentives. But also they aren't looking at someone's qualifications and educational background, they just want someone who is willing to work for low wage. Blaming workers for their own plight is the main problem for shifting the attention, we need to stop punishing workers for our economy.
ReplyDeleteThe employers that are complaining about not being able to find skilled workers should offer more money to attract people with more skill is what Krugman is suggesting. In reality they are not offering more money, but giving most of their workers low wages. The employers are blaming the workers for their own plight, saying they are not skilled enough to get a job. The three problems that are being avoided by employers are: all workers, regardless of education level, are being paid less, the wages are stagnate, and their unwillingness to hire more people. They avoid these three issues because it is making them more money.
ReplyDeleteBased off of Krugman’s knowledge, the economic solution for this theoretical “skill gap” problem facing America is to increase wages of all skilled jobs to entice workers apply for the jobs. If companies are in desperate need of these skilled individuals like they say they are, then they would make a greater effort to attract qualified employees. Employers are mainly blaming workers for their own plight, they are saying that employees lack skill certain skills and many of them have been unemployed for long periods of time. The skills myth shifts attention away from the real problems of soaring profits and bonuses while employment and wages deteriorate. Three major problems that are being overlooked include the fact that many higher educated and skilled workers are also unemployed, many big companies are not making efforts to help stimulate job growth, they rather send jobs to other countries, and also employers being unwilling to look at peoples qualifications because they have been out of work.
ReplyDeleteSome employers complain that they can't find skilled workers; Krugman say that employers should start to try to pay the skilled workers higher wages, that way they will have an incentive to work. Employers blame the long term unemployed workers for the plight of businesses in our economy. Krugman states that the "skills myth" is shifting attention away from other economic problems in the U.S.
ReplyDeleteThree of these problems being avoided by employers are: Employers are unwilling to look at high skilled workers'qualifications because they are out of work. Higher wages are not being available because there is not enough money. Profits are not being acknowledged because employers are not reaching potential output.
You cant always find people skilled in one specific area so what Krugman tries to explain is that the jobs should be willing to pay more to people that are more skilled in that one specific area that is needed for the job. Employers blame the long-term unemployed for the plight of businesses in our economy. Krugman states that the "skills myth" is shifting attention away from other economic problems in the U.S., the three main problems that are being avoided by emplorers are that employers are unwilling to look at higher skilled workers, many big companies are not making efforts to help stimulate job growth, and employers being unwilling to look at peoples qualifications because they have been out of work.
ReplyDeleteKrugman suggest that employers should start paying skilled workers more so they can be motivated to work these jobs. It is simply not fair to pay someone who undergoes 6 years of schooling the same wage as one who only spent 2 years in school. Employers are blaming the economy for the unemployed rate, when in fact it is them that are not taking measures necessary to guarantee stability to their workers. According to Krugman, the "skills myth" is shifting attention away from other economic problems in the U.S. The first issue that is avoided is that employers do no want to increase the wage for the skilled workers. The second issue is instead of stimulatinng job growth here, these big companies are getting the work done oversees cheaper, The last issue is that employers don't bother looking at people's work ethics if these people have been out of work for a while.
ReplyDeleteFinding skilled people in one area is tough, Krugman tries to explain that employers should pay people more that are skilled in certain areas needed for the job. They should be paying people more who have more schooling, its not fair that the man who went to school for 2 years and got his AA is getting paid the same amount of money as the woman who went to school for 6 years. Krugman has a "skills myth" which is shifting attention away from other economic problems within the US. Employers don't want to increase the pay for those workers who are more skilled, and instead of stimulating job growth the companies are getting the work done in other parts of the world for less money. Its not fair for people who don't even get a chance to work just because they've been out of work for a while.
ReplyDeleteKrugman's solution for finding skilled workers is to offer higher wages for the people that are specialized or more skilled in certain areas that are crucial for the job. Employers are blaming the long term unemployed because they feel as if their skills dwindle since they are out of work. Three economic problems that the skills myth is shifting attention from are stagnate wages & employment, soaring profits and bonuses, and the lack of action from the Federal Reserve. The myth shifts the problem from the shortcomings of our fiscal policy and focuses more on the failures of American workers. The myth only benefits corporate executives and that is why they advocate it so much.
ReplyDeleteEmployers complain that they can't find skilled workers; and Krugman says that the remedy for this is to raise the employee wagesfor those that have the skills they need. Employers blame for the plight of businesses in our economy on the long-term unemployment workers. Krugman statement of the "skills myth" is shifting attention away from other economic problems in the U.S, include all of the workers, regardless of education level, are paid less. The wages are stagnate, and the unwillingness to hire more people. The level in wages are stagnated because businesses are not willing to change in order to hire more skilled workers. The increase in profits happen because the businesses have less people to share the money out too because of their lack of employees.
ReplyDeleteKrugman economic remedy is that companies should pay the worker more money and they will not be a shortage for that skill.Employers blame worker for there lack of skill or the low skill they do have.
ReplyDelete1. Many big companies don't want to hire or they don't increase a pay raise for they now employees
2. Many American are unemployed for a while and many employers don't want to hire them for a job
3. Many American are out of work but the prices of good are increasing so it puts a economic strain on the American worker.
Krugman says the remedy for finding skilled workers is to provide higher wages so that the skilled workers will be attracted to those jobs. Employers blame workers for the plight of businesses in our economy. Three major problems being avoided by employers due to the “skills myth” are ignoring a potential employee’s qualifications, not raising pay to attract skilled workers, and not giving bonuses or incentives. Employers will find it harder to find skilled workers due to these issues. If these issues are addressed and solved, then employers will be able to find skilled workers.
ReplyDeletePaul Krugman believes that employees should be offering more to the workers so that they can persuade them to take the job depending on what skills they hold. Employers blame workers for their own plight of businesses in our economy. The skills myth is saying that people don’t have adequate skills to fill jobs and be the root cause for unemployment. The skills myth is shifting away as wages and an increase in profits. The three other economic problems that the skills myth is shifting attention away are from wages, increase in profits, and bonuses. The soaring profits here are ignored because of employers not reaching their potential output. Bonuses are not available because they just don’t have enough money to get one. Also wage stagnates are occurring because of the inability to hire skilled workers.
ReplyDeleteKrugman's remedy for the economy is to raise the wages of high skill jobs. This increase in wages will attract more people to go out and search for these jobs. Employers are blaming their workers for their own plight in business. The economic problems that aren't being focused on because of the "skills myth" are the disastrous fiscal policy, inadequate actions by the Federal Reserve, and the spectacle of soaring profits and bonuses even though wages stagnate.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIn order to find skilled workers, Krugman believes that higher wages should be given so they could attract those kind of people. The employers blame the works for the plight. The three problems that employers try to avoid is many Americans are unemployed for a while, so no one wants to hire these people. They do not raise pay or hand out bonuses as incentives.Also, many workers are out of work so they do not have the needs to pay for items that increase in price.
ReplyDeleteKrugmans economic remedy to finding skilled workers would be to give better wages in order to attract the more skilled workers. It is hard to find sufficient workers when they are being underpaid. employers blame the workers for not having the skills they require or would like to see in candidates or not a high enough level of the skills. Three economic problems being avoided is the fiscal policy not being treated correctly, soaring profits with staggering employment and wages, and a demand for higher skilled workers.
ReplyDeleteKrugman's solution to finding workers who are skilled would be to give better pay. In hope that this method would attract more "skilled workers". But, in my opinion the thing that will result is a bunch of lazy people looking for a higher paying job. But, if you underpay workers, then the likely result will be workers who don't really care about their jobs. If everyone has a higher paying job then it's bad for everyone.
ReplyDeleteThink about it, if you go and ask for a raise you cannot receive one because there isn't enough money to give. From all the people who have "equal pay", this is a very bad method to attract more work. It hurts our economy as well..
Krugman's remedy is to provide better pay to employees to attract more skilled workers to those jobs. You can have skilled workers without providing proper pay for their work. Employers are blaming the wrong people; it's themselves to blame for this problem. The economic problem is fiscal policy is not being followed accordingly. A demand for higher skilled workers with low employment and pay wages.
ReplyDeleteKrugman states that in order to find skilled workers, you need to raise the wages and that will attract the skilled workers. Many of these skilled workers aren't getting paid what they think they deserve, therefore theyre not interested. The employers blame the long-term employers for the plight of businesses in our economy. The three problems not being focused on because of the "skills myth" would be, the soaring profits are ignored because of employers not reaching their potential output. The fiscal policy not being attended to the way it should be, and inadequate action by the Federal Reserve that has crippled the economy.
ReplyDeleteKrugman says that if employers actually want skilled workers, they should be offer higher wages to attract these so called "skilled" workers. He also states that raising wages would be the cure to our economic woes. Employers are placing the blame on the long term unemployed workers for the plight of business in our economy. Three problems being avoided are actually employing, and paying people. A plethora of businesses, or career fields are being taken over by robots, that are supposedly cheaper than humans, which subsequently puts people out of jobs, hence unemployment rising. Two, proper bonuses are not available because of the lack of money. Three, profits are not being acknowledged because employers are not reaching potential output.
ReplyDeleteKrugman said that employers can “cure” this economic remedy by raising the wages for the employees that have the skills they are looking for. If they really were in desperate need of these skilled individuals then they would go to certain measures to accommodate their business and potential employees. The skills myth shifts attention away from the real problems of soaring profits and bonuses while employment and wages deteriorate. Three major problems that are being overlooked include the fact that many higher educated and skilled workers are also unemployed, many big companies are not making efforts to help stimulate job growth, they rather send jobs to other countries, and also employers being unwilling to look at peoples qualifications because they have been out of work.
ReplyDeleteKrugman's insensitive to finding workers who are skilled would be to give better wages. In hope that this method would attract more "skilled workers". But, in my opinion the thing that will result is a bunch of lazy people looking for a higher paying job. But, if you underpay workers, then the likely result will be workers who don't really care about their jobs. If everyone has a higher paying job then it's bad for everyone.
ReplyDeleteThink about it, if you go and ask for a raise you cannot receive one because there isn't enough money to give. From all the people who have "equal pay", this is a very bad method to attract more work. It hurts our economy as well..
Krugman said that the remedy for this economy is for employers raise the wages for their employees that have the skills they are demanding. I believe that if employers would work a lot harder and make a little bit or sacrifices to get the workers that they want. Employers blame the long term unemployed workers for the plight of businesses in our economy. The other economic issues such as “skills myth” are taking the attention away from soaring profits and bonuses and other stuff of that nature such as wage stagnates. Soaring profits are ignored because the employers are not putting their best effort into their service or product. Also bonuses are not given a lot because there is not enough money and wage stagnates are happening because there aren't enough skilled workers being employed.
ReplyDeleteKrugman says, if employers are complaining for certain skills, they should be willing to offer higher wages to attract workers with those skills. employers are blaming workers for the plight of businesses in our economy. the skills myth shifts attention away from the real economic problems in the united states. the three main problems being avoided by employers are the soaring profits, bonuses even as employment and wages stagnate. they reason why this is being avoided by the employers is because of the "skills myth" as the article says which is probably why corporate executive like the myth so much.
ReplyDeleteKrugman believes that higher wages should be given to attract skilled workers. Employers blame the works for the plight, and I agree to a degree. The three problems that employers try to avoid is the fact that once an American loses their job, they can be without a job for a while, and employers don't usually like this. Most companies never raise the salary of the workers, or give out an type of incentive. Finally, many workers who are without a job do not have the means to pay for items whose prices have risen. These people simply avoid buying the product altogether.
ReplyDeleteMr. Krugman has the idea that if you offer higher wages then more quailified workers will be attracted to the job. I have to say that this is a good idea. Employers have only the economy and themselves to blame for these problems. One it is assumed that people lose the skills that they have earned when they do not work for a while. By not hiring them they will in theory make them continue to lose these skills resulting in them being even less qualified. A problem occuring commonly with bussinesses is that they believe that the same trick will constantly suprise an audience. The problem is that trick get boring and the only way to keep an audience attentive is to change things up. A raise will give someone the incentive to work harder or continue to work for the same employer. Another problem is simply that employers are heartless people trying to get as much milk out you as they can with the least amount of work. Doing this to employees will simply make them less attentive hoarders that are depressed. I have to say that the idea of people helping people because they are people is not thought of very often. If such an idea were endorsed by the right people then there maybe hope for the decaying middle class.
ReplyDeleteAccording to Krugman the economic solution for the theoretical “skill gap” problem facing America is to increase wages for the skilled jobs to entice workers to come for the jobs.
ReplyDeleteThe skills myth is saying that people don’t have adequate skills to fill jobs and be the root cause for unemployment. The skills myth is shifting away as wages and an increase in profits.
The three main problems being avoided by employers are the soaring profits, bonuses even as employment and wages stagnate. they reason why this is being avoided by the employers is because of the "skills myth" as the article says which is probably why corporate executive like the myth so much.
Krugman says that if employees are really looking for thsse skilled workers, "they should be willing to offer higher wages to attract workers with skills." In another word higher skills people will expect to be paid more; or else why would they go to school in other to learn what they know today if it isn't going to make any difference. The stigma associated with that of minimum wage is the idea of poor ma's wage. The employers are blaming the plight of the business in our economy on the workers. The "skills myth" is shifting attention away from other economic problems in the U.S. that are far more important. Three of these problems that are avoided by employers are the fact that companies aren't doing nothing to fix the fact that people are not getting paid enough to want to work. Also, it is taking attention away from other economics problems such bas bad fiscal policy and inadequate action by the Federal Reserve because people are too occupied with the "myth" of failings American workers. Lastly, one step to fix this issue is for employers to reflect on the mayor problem they are causing because of the "myth". They should tell the truth for once.
ReplyDeleteKrugman believes that if you truly want higher skilled workers you should be able to give these workers more money then theyre getting right now. People hiring are blaming the lack of skill on the people trying to get jobs because theyre so concerned on getting a new job that they are lacking the experience because they havent worked for so long. 3 problems being avoided by the employers are that minimum wage isnt changing(no raises and or anything), lack of effort from the companies themselves, and lack of employers really truly checking some people qualifications. They (the people hiring) avoid this issue because it costs them less money in return giving them more money
ReplyDeleteKrugman thinks that if employers want more skilled employees, that they should pay better wages. Employers blame the employee for a lack of production, but they are the ones that do not offer any incentives that would motivate people to work hard. Because of this lack of motivation. Output by these institutions is not reaching full potential. Because of the unemployment caused by this underproduction people do not have the money necessary to purchase these products and stimulate our economy.
ReplyDelete