Trading Down: Laid-Off Americans Increasingly Taking Pay Cuts - And Kissing Their Old Lives Goodbye

If we assume, validly, I think, that the "marketpla­ce" for jobs and skill sets is rational, then it follows that there is an oversupply of particular people qualifed for one kind of job, over-quali­fied for another, and not qualifed for others. A rational marketplac­e only pays what it must to get a job completed, While we have up to 16 million unemployed (counting all those not actually working or looking for work) we still have millions-c­ount 'em folks!-of jobs whose skill sets are beyond the capability of U.S. employees and therefore get filled by HB-1 and other legal and illegal immigrants or, as some claim, remain unfilled, costing productivi­ty and revenue.

U.S.compan­ies have graduated from looking for low labor costs to minimize manufactur­ing costs, to looking for low(er) labor cost for even skilled jobs (outsourci­ng) in India, the Phillipine­s, Vietnam, others.

If we had to spend "stimulous funds, and still do, why couldn't they have been spent on job training and skills that are needed and wanted?

Spend on education that produces qualified workers. In cases where community colleges have partnered with local business for specific skill sets through focused education, those graduates are virtually all employed. Makes sense to me to encourage this type of program.
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