Friday, June 01, 2007

Finally


A plan to bring some meaningful jobs to upstate New York

Labor Shortage.


Senator Clinton is partially right however she and many of our employers are missing an important part of the picture. When there is a true labor shortage we will see significant upward pressure for wages for those positions. Those wages will begin to attract more people into that field. Raising the H1B cap will help, but only in the short term. For a longer term solution, the wages have to rise enough to put more people into that skill pipeline. Once they are in the pipeline, the need for additional H1Bs will dissipate.

Another public policy solution is to incent study in the areas where we can expect the most severe shortages. Our higher education system provides the same incentives to people like me, who studied political science, as they do who study things that we actually need more of - nurses, engineers, etc. By providing more significant grants to people who enroll in these subject areas and pledge to work in that field for a period of time (or else pay back the grant) would also help fill the pipeline.

Having said that, I recognize that as a society we need and benefit from liberal arts majors. In fact, the senator could use help from some, as a closer look at the sign above will show....