The "Skills Gap" Is a Convenient Myth
"A host of academic studies have debunked the notion—but you don’t need a Ph.D. to figure it out. You just need to recognize the law of supply and demand.
“It’s hard not to break out laughing,” one economist noted recently. “If there’s a skills shortage, there has to be rises in wages [for skilled workers]. It’s basic economics.”
Yet wages in manufacturing—even for skilled workers—are stagnant at best."
