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> There is no employee shortage, ever. Just a shortage of businesses owners who are willing to pay market rate for labor. What business owners are willing to p
by conanbatt 8y ago
> There is no employee shortage, ever. Just a shortage of businesses owners who are willing to pay market rate for labor.
What business owners are willing to pay IS the market rate.
- FireBeyond 8y agoThat makes no sense. "We have a perennial shortage of workers. Our pay is fair though." No, a market needs two sides and equilibrium, no different to a business owner having a hard time reselling Apple computers at say 30% over retail. It's not a unilateral decree, fiat. If people are available and not willing to work for you for what you offer, it is inherently NOT the market rate.
- scarejunba 8y agoIf a stock has Bid at $1 and Offer at $2, what's the "market price" according to each of you?
- logfromblammo 8y agoUndefined. But somewhere between $1 and $2 would be a decent first guess.
- conanbatt 8y agoThe two sides of the equilibrium are the business owner seeing how much he can charge the demand(Customers) and pay for the supply(employees). You can have a demand at a price there is no supply for.