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I agree with this point. A Rutgers University professor did some research on this issue. He is quoted as saying something like "just because I can't find a 60
by jimmydddd 10y ago
I agree with this point. A Rutgers University professor did some research on this issue. He is quoted as saying something like "just because I can't find a 60 inch flat screen TV for $100 doesn't mean there's a shortage of flat screen TVs."
- ryandrake 10y agoYea, I use the "I want a $10K Ferarri = shortage of Ferarris" example but it's the same thing. The word shortage is meaningless without stating the asking price.
- wolfgke 10y ago"Shortage" means that even if you payed absurdly high prices you will not get any/not enough, though you would immediately be willing to pay that price.
- dwaltrip 10y agoThe key word in this definition is "absurdly". Whether or not there is a shortage depends on what people think a reasonable price is, which of course is going to be a matter of debate.
- wolfgke 10y ago> The key word in this definition is "absurdly". Whether or not there is a shortage depends on what people think a reasonable price is "absurdly high" is intended to mean an amount of money high enough such that not the money but the supply is the limiting factor.
- helthanatos 10y agoLikely, raising wages for computer jobs would lead to more people doing jobs, but it may also lead to lower quality. Computer programmers try to have job security and delay or wait until deadlines to get things done. Giving them more money could make them more competitive or they may see more money and more security. It's amazing how much of a difference there is in computer jobs and pay. There's also a chance that some jobs people just don't like and won't accept without a ridiculous amount of money. But then again, if no one wants to do it without a large sum, that may make the job worth the money.
- deleted 10y ago[deleted]