3 ms·
In the mid-west we have programmers 2 years out of school making $100k in places where the CPI is 90. What if we just have a massive misallocation of resources
by merpnderp 10y ago
In the mid-west we have programmers 2 years out of school making $100k in places where the CPI is 90. What if we just have a massive misallocation of resources and people should be learning how to program, nurse, become doctors, plumbers, HVAC, or all the other jobs that pay incredibly well?
- st3v3r 10y agoTraining for those jobs takes time and resources. Not everyone who has lost their existing job will be able to invest those things at possibly getting another one. Also, if you send a bunch of people into those fields, the cost of labor will drop, and they won't pay incredibly well for long.
- zghst 10y agoSoftware engineers provide immense value, I highly doubt there is any misallocation, however with other jobs, what if their wages are suppressed because of the lack of a strong market presence and intense competition prevents wages from rising.