What A Skills-Mismatch Looks Like

Moneybox
A blog about business and economics.
Jan. 9 2013 10:38 AM

What A Skills-Mismatch Looks Like

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.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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