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> I would expect, in a skills shortage, that the employee would be able to demand a much greater share, something closer to -- or even temporarily above -- 100%
by coffeemug 7y ago
> I would expect, in a skills shortage, that the employee would be able to demand a much greater share, something closer to -- or even temporarily above -- 100%.
It would be really interesting to compare salary/profit ratio of the tech industry to recognized labor shortages in other industries.
- throwaway938nk1 7y agoI think much of what people are trying to say here is that there is no such thing as a labor shortage in any industry (assuming no artificial wage controls). Also, in the USA you often hear about insufficient supply of workers in certain work categories: software engineer, nurse, teacher. Are those the very highest paid work categories? If not, why aren't the highest paid categories said to be suffering from insufficient supply? You are of course right that the ratio of profit per employee and salary is irrelevant.