13th March 2009, 02:51 PM
To return to the topic of the thread...
"So, the market reacts to a labour shortage with a reduction in skills requirement, whereas what we want is to react to a labour shortage with an improvement in pay and conditions.
What we need is a shaven monkey test."
the problem that Matt is eluding to in his blog is the inelasticity of supply of labour. If I were in a pub (I wish), I would probably have started to draw a graph on a beer mat by now, with number of archaeologists going up and down over time. I really am that dull. Big spike between 2001 and mid 2007. It would be great if we could get the market not to react with a reduction in skill requirement, and the only way that I can see of that happening is further barriers to entry.
"So, the market reacts to a labour shortage with a reduction in skills requirement, whereas what we want is to react to a labour shortage with an improvement in pay and conditions.
What we need is a shaven monkey test."
the problem that Matt is eluding to in his blog is the inelasticity of supply of labour. If I were in a pub (I wish), I would probably have started to draw a graph on a beer mat by now, with number of archaeologists going up and down over time. I really am that dull. Big spike between 2001 and mid 2007. It would be great if we could get the market not to react with a reduction in skill requirement, and the only way that I can see of that happening is further barriers to entry.