On labor shortages: Too long to post, but give it a read if interested
http://nber.nber.org/~peat/PapersFolder/Papers/SG/NSF.html
How and Why Government, Universities, and Industry Create Domestic Labor Shortages of Scientists and High-Tech Workers By Eric Weinstein (Working Draft)
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Table of Contents:
Introduction
The 1990s and The Flooded Market for Scientists and Engineers
Wage Box
Threats of Shortage and the Immigration Act of 1990
The NSF Scarcity Projections Vs. Standard Economic Methodology
The Supply Side Appeal
The Analysts Respond
Predictions Box
The NSF's Real Shortage Study
The Three Taditional Policy-Level 'Stakeholders': Government, University and Industry
Further Irregularities
Conclusion: The Scientist or Knowledge Worker as Forgotten Stakeholders
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Introduction: Are Shortages of U.S. Technical Workers Being Deliberately Created By Government Market Interference? Long term labor shortages do not happen naturally in market economies.
That is not to say that they don't exist. They are created when employers or government agencies tamper with the natural functioning of the wage mechanism
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