Tyler Cowen on ersatz job ads…

The blogpost is here. If companies had really hired into the positions they had advertised, we’d be back at full employment–what gives? Two hypotheses in the post: wages are too low or companies are too picky. Another is that companies are hiring internally (i.e. the job ads are “wired” for a specific individual inside the organization).

What about that it’s all about PR? One thing that is very true in science: placing a bunch of job ads in Science and Nature Magazine is a sure way to get the buzz going–and in a good way. Is there actually an obligation to follow through?