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I think the FT is adopting the self-serving rhetoric of businesses that there's a lack of qualified workers as evidence of a speeding economy.

European Tribune - Is the German position sustainable?

Underscoring Germany's revival, Ernst & Young, the financial services firm, reported that almost three-quarters of the small and medium-sized companies in the country's industrial Mittelstand were having difficulties finding enough qualified workers.
At barely 2% GDP growth after a deep recession, I'd say the economy is not growing so fast it's run out of workers. I suspect the issue is there are not enough qualified workers at the wage rates being offered, a "problem" that is also chronic in the US. That's why the EU is designing systems of qualified immigrant exploitation such as the blue card.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Jan 25th, 2011 at 09:42:19 AM EST
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