There is no such thing as an IT skills shortage, according to the hacks at Baseline Magazine. After a bit of fairly interesting research, Baseline claims that over the last several years the IT industry has promoted the idea that there exists a skill shortage.

Vivek Wadhwa, a professor for Duke University’s Master of Engineering Management Program and a former technology CEO, said there was a lack of understanding of the labor pool in the U.S. By talking to HR departments, Wadhwa found they had no problems finding well qualified applicants.

Wadhwa's study is backed by others conducted by RAND Corporation, The Urban Institute and Stanford University. The article points out that the reason people talk so much about skills shortages is because of pressure from interest groups. Industry business people want the myth perpetuated so they can get more cheap foreign labor into the country and to justify offshore outsourcing efforts.