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That's a simplistic view of shortages of labour markets. Just taking trucking as an example, many jurisdictions have safety standards drivers need to meet. If "
by TheCapn 8y ago
That's a simplistic view of shortages of labour markets. Just taking trucking as an example, many jurisdictions have safety standards drivers need to meet. If "half the truck drivers vanished" tomorrow we'd have an absolute shortage until labour could be spun up to account for the supply demand.
It's also overly simplistic to believe that trucking companies can infinitely raise wages to support demand. People/businesses only tolerate a certain cap of pricing on goods and to say that ceiling is infinitely high is silly.
If markets were perfectly efficient, sure all your wishes and hopes would be a reality. But we're not efficient, we're flawed humans running these things so the flaws are apparent when you attempt to accommodate.
- lopmotr 8y agoHow are you defining shortage? If half the drivers vanished, then half as much stuff would be shipped by truck. What's the problem with that, other than things would be worse for people? Is there a correct amount of truck driving that should happen? Are we currently at that correct amount? Have we ever been?
- macintux 8y agoBy your logic has there ever been a shortage of anything?
- lopmotr 8y agoYea, it's an emotional concept that seems to mean things cost more than somebody was expecting. You could say there's a shortage of anything you like, so it's a meaningless word. There's a shortage of helicopters because lots of people want them but don't want to pay the high price they currently have. There's a shortage of petrol because if it was much cheaper, I'd be running a generator to power my house. I want that cheap petrol but there isn't enough for the price to be so low.