5 ms·
> Above a certain wage, jobs disappear because there is not enough value created to pay a higher wage. Exactly my point! Economists don't call situations where
by mrep 9y ago
> Above a certain wage, jobs disappear because there is not enough value created to pay a higher wage.
Exactly my point! Economists don't call situations where costs (wages for developers) exceed what the market will pay (value created) "shortages".
Whether a good is "luxury" or not makes no difference.