Having spent the last 6 months scouring the local job market (Sydney, Australia) for talented people and coming up dry I don't thinks it's a U.S. only issue.
The completely shoddy quality of some of the candidates I've seen recently is woeful. In fact I think I'll start blogging about some of these encounters soon.
In the meantime have a read of the article - it's quite well written and well thought out.
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