The visible hand in economics

Comic: Education and unemployment

Posted on: October 3, 2008

Source (Phd Comics)

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3 Responses to "Comic: Education and unemployment"

Very amusing. I remember some time ago looking at (Australian) undergraduate enrollments for information technology versus the number of vacancies in industry; similar correlation.

I then looked at the correlation three years down the track as the freshly minted IT experts emerged from their studies blinking into the light of the low point in the demand-for-IT-skills cycle. This seemed to happen time-after-time. It’s almost like a sine wave.

The only way to end UNEMPLOYMENT, the frustrations of unemployment is adopting a diverse thinking to respond to it. We are the ones to create jobs for others who are desperate as we are!

“I then looked at the correlation three years down the track as the freshly minted IT experts emerged from their studies blinking into the light of the low point in the demand-for-IT-skills cycle. This seemed to happen time-after-time. It’s almost like a sine wave.”

There definitely seems to be a co-ordination problem associated with meeting skilled labour. It is an interesting issue

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