What A Skills-Mismatch Looks Like
|
Posted Wednesday, Jan. 9, 2013, at 10:38 AM
Brazilian prostitutes are apparently studying English in advance of the 2014 World Cup and the anticipating earnings premium for English-speaking sex workers.
This kind of thing is why you should never take talk of "skills-mismatch" too seriously. Obviously employers are always going to dream of a world of more-skilled workers. But when demand is real and met with an actual wage premium, markets respond nicely. It's not brain surgery.


The Never-Before-Seen Memoir of a Guantánamo Detainee
How the United States Kept Mohamedou Ould Slahi Silent for 12 Years
Who Said It: Toronto Mayor Rob Ford or Simpsons Mayor Diamond Joe Quimby?