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> But maybe the job isn't economically worth it at the higher salary? As in, their business doesn't even generate enough revenue to afford hiring the kind of p
by notalaser 9y ago
> But maybe the job isn't economically worth it at the higher salary?
As in, their business doesn't even generate enough revenue to afford hiring the kind of people who can keep it running?
- havetocharge 9y agoThe task that they are hiring for does not generate enough revenue to be worth at price X. The business may not stop from operating if these tasks are not done, or not done on a priority basis.
- RobertoG 9y agoBut, in the standard perfect markets interpretation, that would mean that the task shouldn’t be done. Right?
- havetocharge 9y agoIf there are no takers, then the task should not be done, yes. What a lot if people seem to imply is that these jobs should not be advertised in the first place, which I disagree with.
- Retric 9y agoAdvertising is not free. Having a few unfilled jobs is natural but it's wasteful to have significant market disconnects. That said, a lot of 'jobs' are simply H1B fodder or resume bait etc.
- kazagistar 9y agoUnless they people causing them waste incur costs greater then they benefits, it won't change. Hiring has gone digital, reducing costs, so of course garbage job postings have increased.
- notalaser 9y agoSo... the business doesn't even generate enough revenue to afford hiring the kind of people who can keep it running well, or at least not as well as its owners would want it to be running? Should workers be doing charity work now?
- deleted 9y ago[deleted]
- havetocharge 9y agoNo, you are free not to accept inadequate pay, just as the companies are free not to accept excessive pay. It's a marketplace, just think in terms of bids and asks.
- learc83 9y agoIt's a marketplace until the business starts using a nonexistent "shortage" to lobby government to add more visa slots and create programs to funnel more students into the jobs it wants to pay less for. It's also a marketplace where one side has much more information and negotiating power than the other.
- notalaser 9y agoOf course you are free to do whatever you want, it's the entitlement that pisses me off. Somehow, employees charging "too much" is not ok and totally not the companies' fault, whereas offering too little is great management. Then they wonder why there are six million jobs that they can't fill.
- krapp 9y ago>As in, their business doesn't even generate enough revenue to afford hiring the kind of people who can keep it running? Even businesses which generate enough revenue to be able to afford higher salaries don't want to pay more for labor. They want to pay less for more.
- alexanderstears 9y agoAnd workers seek higher salaries. Through both entities acting in their self-interest, the market discovers an equilibrium.
- WalterSear 9y agoUntil the entity with more power starts bending the rules of them game in their favour.
- eli_gottlieb 9y agoUntil the class which does all the work decides to get rid of our parasites.
- WalterSear 9y agoExcept they won't/can't. And the parasites are actually working very hard. They just get inordinately rewarded for their work, because most of their work involves maintaining the status quo, with them on top. It's their families that don't work. Moreover, so far the only thing revolution has been good for is shuffling the parasites. I strongly suspect there are biological reasons behind our feudal support of strongmen.
- KGIII 9y agoHistorically, that hasn't been very successful. Purges never seem to be a good solution.
- Godel_unicode 9y agoI always find this an interesting argument; while company foo has more power than a random job seeker, they certainly don't have more power than all the other companies seeking that employee. In order for companies to wield their supposed salary-depressing power there would have to be massive collusion. For an example of how (in)effective that is, look how much salaries increased while Apple Google et al were colluding. I think this is more simple: units of production are less obviously attributable to FTE count or difference in skill in software than in other fields. Therefore, management is less sure how much developer they actually need to purchase.