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> wages would be going up and up until supply met demand Unless increasing wages don't directly cause supply to increase overnight.
by jonny_eh 10y ago
> wages would be going up and up until supply met demand
Unless increasing wages don't directly cause supply to increase overnight.
- ryandrake 10y agoBut it could cause demand to decrease. Price does not just affect supply. There would super high demand for talented Bay Area SW engineers if the going rate was $50K per year. Not so much demand if the going rate was $500K per year.
- jonny_eh 10y agoThat would just move jobs/companies to cheaper areas.