I absolutely agree with Billy that the skills shortage is a "ruse".
Let me condense a piece of his post. Billy quotes the Skills Gap Report:
Think of it this way: as many as 600,000 well-paying jobs are going unfilled while the national unemployment rate hovers around 9%.
Well I would think about it this way, Billy says:
600,000 thousand workers at the current productivity level in manufacturing would create a lot of output. That output, apparently, is not being produced but could be if there were workers available if the Skills Gap Report is to be taken literally.
That would represent a very large volume of unfilled orders sitting on the companies order books... If there was that frustrated demand some firm would work out a way to satisfy it and thus gain market share.
The fact is that no survey reveals that level of unmet demand (that is, consumers or firms with cash to spend who systematically cannot purchase goods because the firms have said they cannot supply them because of labour shortages.
I thought that was really good.
On an unrelated note, Billy presents this graph of "US manufacturing employment (thousands) since 1939":
If you were to look for overall trends in his graph, what you see might look like this:
However, when I look for overall trends in Billy's graph, what I see looks like this: