Skills and wages

Employers scrimp on salaries then bemoan lack of worker skills. That’s the gist of this article printed in today’s Seattle Times.

A survey of Harvard Business School alumni released Monday reveals a series of trends that are widening income disparities and may be weakening the ability of the U.S. economy to grow in the long term.

More than 40 percent of the respondents foresee lower pay and benefits for workers. Roughly half favor outsourcing work over hiring staffers. A growing share prefer part-time employees. Nearly half would rather invest in new technology than hire or retain workers.

But it apparently doesn’t occur to those who run firms that one good way to attract talent is to offer higher wages. The article’s implication: CEOs want a highly skilled workforce willing to take peanuts.

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