Many companies are reporting a shortage of skilled labor (mainly in the IT sector). How can this exist alongside 9% unemployment? It exists because the American

Many companies are reporting a shortage of skilled labor (mainly in the IT sector). How can this exist alongside 9% unemployment? It exists because the American workforce is not trained for the changing job landscape that has been brought about by technology. Technology supplants some jobs, whil e creating others, this is what economists call "creative destruction".