This IS the economy—not the “mismatched” economy. It is the fair market at work. Perhaps the author is alluding to a mismatch in skills to available jobs? “Employers” are not some big cabal that work together to figure out how not to pay higher wages. Employers are thousands of businesses that decide individually how much they need a certain task to be completed and then look to the market for fair value in paying for that work. If there are tens of millions of people willing to work for $x per hour, then that is fair value. It’s a world economy. We Americans or Europeans don’t live in a bubble. This “pay more” mindset is bound to fail for low skill jobs. Employers will find another way. They always do-because it’s a free market.