New post at Policy Shop. Excerpt:
A less notable excuse has been that our unemployment woes are structural—the skills employees have are not the skills employers want—and therefore economic stimulus wont do much to solve our unemployment problem. The STEM myth has been a major element of this structural unemployment theory, at least when it comes to telling popular stories about it. Everyone loves a story about how our tech employers go out into the labor market, find a bunch of liberal arts majors who can’t cut it, and then have to turn abroad to fill the jobs. But it just isn’t so.
Read the rest at Policy Shop.