4 ms·
In theory there is never an infinite supply of employees, and at a certain point you run out of people that will work for $x. In practice that's not a question
by austenallred 9y ago
In theory there is never an infinite supply of employees, and at a certain point you run out of people that will work for $x.
In practice that's not a question that can be answered in one comment, and right now it depends on who you ask. In my mental model of the world that's where the perfect simulation starts to break down and run into real world constraints.
- WaxProlix 9y agoI mean - if we're talking zero-friction circular cows, then if the unemployment rate is over 0%, there are more employees. The unemployment rate is always well above zero.
- austenallred 9y agoBut there may not be employees willing to take that job at That price with that skill set. The unemployment rate now is zero, but if I'm trying to hire a machine learning engineer for $10/hr I'd have a hard time.