Spain Runs Out of Workers With Almost 5 Million Unemployed (bloomberg.com)

An anonymous reader shares a Bloomberg report:Spanish headhunter Samuel Pimentel just can't find the candidates. After a frustrating search for specialist consultants for a client, he's given up and is casting his net elsewhere. "We were looking for people for two months," Pimentel, a partner at Ackermann Beaumont Group for Spain and Latin America, said in a telephone interview. "We managed to find one in Spain. We turned to Argentina for others." Pimentel's experience reflects a bizarre feature of the Spanish labor market that is hampering the country's efforts to repair the damage from the economic crisis. Even with close to 5 million people out of work, the next prime minister will face labor shortages with employers struggle to find the staff they need. "It's a paradox," said Valentin Bote, head of research in Spain at Randstad, a recruitment agency. "The unemployment rate is too high. Yet we're seeing some tension in the labor market because unemployed people don't have the skills employers demand."

Comments

his policy of driving down wages

[turkeydance]

quote from article

You made your bed.

[Iamthecheese]

What happens when employers stop re-training employees and start shitcanning anyone as soon as possible, relying on obtaining trained people from the rest of the economy when people are needed again? That's right: trained people are quickly drained from the economy leaving only the trained who command very high wages and the untrained, who cannot be employed.