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Though wages should recover if businesses continue to hire, three years of job losses have left a large worker surplus.
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However, despite the appalling exploitation of workers, the surplus in the fund has increased from about $7m in 2010.
This pattern changes for those in the NVRIC-5 category: only 13%% of workers with surplus or deficit in schooling in their occupation work in jobs that are related to their jobs.
In particular, we are interested in the value of the job in excess of the value of being unemployed, i.e. the worker's match surplus.
One possible explanation for why a third of employers say they are having trouble finding qualified workers, despite the surplus of unemployed people, is that so many workers on the job market are long-term unemployed at this point.
What would these surplus workers be facing?
When the number of surplus workers rose sharply, the country also had ways of reducing it.
Thousands of surplus workers have been laid off; more will follow.
The exploited class (workers) produces the surplus value appropriated by the class of exploiters (capitalists).
Even earlier, some nations sold their surplus workers as slaves, while the European countries could send them to the colonies.
This week saw the tenth anniversary of the assassination of Marco Biagi, the expert behind a previous attempt to make it easier for employers to sack surplus workers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com