Skilled workers vs Unemployment

The solution to unemployment isn’t better-trained workers: Or, Systemic problems have systemic solutions | An und für sich:

"increasing the supply of something (for instance, high-skilled workers) decreases its price, all things being equal. In the academic example, all things are indeed equal, because administrative cost-minimization priorities remain determinative of the number of job openings. There’s no reason to assume that the situation would be significantly different in other industries, because the reality of our system is that the employers’ priorities determine the number of jobs available. If the government provides job training — or worse, provides loans that allow people to take on the cost of their own job training — the result will be the same as in academia: employers will get highly-trained workers without having to invest in them (i.e., for free), with no appreciable effect on the number of job openings available."

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