Unemployed in Europe Stymied by Lack of Technology Skills
nytimes.com
nytimes.com
Put a different way, fifteen or so years ago: "Economists who have studied occupational shortages generally hold the view that in an unconstrained market, supply will equal demand at the 'true' market price. If demand exceeds supply, salaries will be bid up until the market clears." [1]
Also of interest but perhaps unrelated, "At Goldman Sachs and JPMorgan Chase average pay slipped by about 5% in the first nine months of last year, a figure that is probably representative of the wider industry." [2]
[1] http://www.bls.gov/mlr/1999/03/art2full.pdf
[2] http://www.economist.com/news/finance-and-economics/21592642...
Most of the people growing up since the late 1960s have had the possibility to do whatever they wanted without regard for future earnings and sustainability of their lives. Just re-schooling people with degrees in the humanities, fun-studies, social sciences, and so on to science, technology and engineering sounds easier than it is for these people have made conscious choices to neglect and dismiss mathematics and science courses since leaving primary school. To some degree, their whole social and cultural being seems to be incompatible with that of science and technology.