Finance & economics | Free exchange

To understand America’s job market, look beyond unemployed workers

Why talk of a skills shortage is overblown

Image: Alvaro Bernis

Sitting in a medical clinic recently, as a young-looking nurse extracted blood from his veins, your columnist’s mind turned to the flexibility of the American labour market. How long, exactly, had she been on the job? The somewhat shocking answer: it was her first month. Six weeks of training was all it took, she explained, to make the transition from eyelash technician to phlebotomist, which offered higher pay and better hours.

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This article appeared in the Finance & economics section of the print edition under the headline “Cracking open the Beveridge”

From the October 7th 2023 edition

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