of job openings gives they freedom to demand more or walk away. this phenomena has inspired some panic in some employers who are desperate for workers. there are fears that the shortage will hurt small businesses or that a rise in wages would make business less competitive in general. but these fears are misplaced. these trends are actually good news, especially for american workers who are in dire need of good news. as the m.i.t. professor recently wrote in the new york times the u.s. has been plagued by a glut of jobs. low-skilled american workers are some of the lowest paid in the industrialized world. they make almost one-third less per hour than their counterparts in canada. low-skilled norwegian workers are paid nearly twice as much. as nick kristof wrote last year in a new york times op-ed a worker in mcdonald s in denmark earns about $22 an hour.
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