“Ask just about anyone in a human resources department, 'What percent of the labor force do you simply not wish to hire, no matter what, no matter how low the wage?' It's quite a few of the applicants, and I can vouch that I have found the same when working as an employer myself. Or look at how many people are turned away by the US military: Drug use, medications, weight problems, bad credit scores, and criminal records make many people ineligible to sign up. According to Arne Duncan, secretary of education under President Obama, three-quarters of today's youth between the ages of seventeen and twenty-four are unfit to serve for one reason or another. Three-quarters. Staggering, no?”
— Tyler Cowen, Average is Over: Powering America Beyond the Age of the Great Stagnation
Tagged: Economics, Jobs
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Average is Over: Powering America Beyond the Age of the Great Stagnation

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