3 ms·
If the positions are being filled and the offers accepted then why would anyone be complaining about a "talent shortage"?
by mattnewport 8y ago
If the positions are being filled and the offers accepted then why would anyone be complaining about a "talent shortage"?
- sonnyblarney 8y agoBecause companies will always want better talent at a better price - in that context, there will always be a 'shortage'. Markets for labour are obviously clearing - we're seeing tons of hiring (and laying off) - so people are getting hired. Many companies are also looking for specialized talent, for specific jobs, which are actually hard to fill. In some areas there is definitely a 'shortage' for opportunity cost. One could argue 'they could just pay more' - but it's not like industry will boost wages for some job by 30% in the hopes that more people will start to study and train for that subject! It's a short-run/long-run problem. For broader industry trends, this happens: software is a 'good paying job' in many places, ergo, more devs. But for specialization it's hard. And often it's difficult to clearly justify the ROI. This ambiguity is tantamount to just a lower real value due to the inherent risk. The offers being made for most jobs are ballpark near 'market wages'. Companies have a lot more data than individuals.
- mattnewport 8y agoWell yeah, companies will always want better employees that cost them less and employees will always want better jobs that pay them more. These desires are somewhat at odds with each other. "Talent shortage" is the language employers use to imply that rather than this just being an eternal truth and their current situation being the current market equilibrium, there is some kind of societal problem that society should help them solve (at society's expense of course).