The vast majority of academic research on labor markets is from the supply side, says in Harvard Gazette. It doesn’t look at the employer as an animated object that makes decisions based on a rationale that may or may not be sound.
Joseph B. Fuller said:
Before I was a professor at HBS, I was in industry, and it always struck me that there were these anomalies. Communities with lots of people looking for work and employers bemoaning the lack of candidates, but employers essentially acting as if a [qualified] candidate is supposed to present her or himself [for] the job they have on offer for the terms they’re offering. And if that didn’t happen, there was something quote “wrong.” They weren’t very active in addressing it themselves. Why was that?