Another explanation for why unemployment stays high

[nancylebov]

Companies impose pointlessly high requirements..

Indeed, some of the most puzzling stories to come out of the Great Recession are the many claims by employers that they cannot find qualified applicants to fill their jobs, despite the millions of unemployed who are seeking work. Beyond the anecdotes themselves is survey evidence, most recently from Manpower, which finds roughly half of employers reporting trouble filling their vacancies.

10% of employers can't find employees who are willing to take the salary being offered, but most of the problem is looking for people who know so much they need no training at all, or possibly a "why not the best?" attitude which leads to arbitrary work and education qualifications so that positions don't get filled for months.

Link thanks to dcseain.