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Why is that unfortunate? That's the entire purpose of high prices: To alert others that supply is not keeping up with demand and that their help is needed. Choo
by randomdata 10y ago
Why is that unfortunate? That's the entire purpose of high prices: To alert others that supply is not keeping up with demand and that their help is needed. Choosing a job, or anything else, because of "big bucks" is exactly what "big buck" offers are meant to achieve.
If you are suggesting that we only want doctors and lawyers who are truly passionate about what they do, then artificial price ceilings are necessary to indicate to others that they are not needed. However, in doing that you create a shortage situation.