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How does this answer the question the author brings up in the first paragraph? >An airline canceled flights because it couldn’t find enough pilots to steer the
by kerbalspacepro 9y ago
How does this answer the question the author brings up in the first paragraph?
>An airline canceled flights because it couldn’t find enough pilots to steer them. Despite high demand, homebuilders in Colorado are throttling back activity because they can’t find the workers to erect frames. Farmers in Alabama are fretting that crops may rot in the ground for a lack of workers to bring in the harvest.
Robots can't do all those jobs, and yet the wages for those jobs haven't increased enough.
- randomdata 9y agoEconomics says that demand is a consumer's desire and willingness to pay a price for a specific good or service. Offering a job at a price below what someone is willing to do it for is not demand at all. It has no impact on price, which is a function of supply and demand. The mistake the article makes is counting these jobs as demand, when they really are not demanding labour. They are no more jobs than me asking you to come clean my house for free. It's a serious offer: I will be quite happy to come have you clean my house for free. But, for all meaningful purposes of the phrase, I don't think anyone considers that a real job.
- zelon88 9y agoLets not forget that most companies have improved their cost savings to the point where they are trying to keep wages down. Executives are immune though. I wouldn't be surprised to discover that most companies spend 90% of their payroll on 10% of their workforce.