The next day, the Wall Street Journal reported that the number of small businesses seeing a skills shortage has crept up this year. In August, 33% of small businesses reported having few or no qualified applicants for job openings, according to a National Federation of Independent Business survey. That was up from 21% in December 2009.
Is this really the time to make huge cutbacks in education and training? Is it actually costing us less to pay out unemployment benefits, foodstamps and emergency health care?