I don’t see how it’s different. The instantaneous production limit of cars/corn/computers is also fixed, but can be increased with demand. There is a notorious

I don’t see how it’s different. The instantaneous production limit of cars/corn/computers is also fixed, but can be increased with demand. There is a notorious shortage of jobs for new PhDs[1], so it’s not like labor is a limiting factor. [1] https://www.insidehighered.com/news/2016/04/04/new-data-show-tightening-phd-job-market-across-disciplines https://www.insidehighered.com/news/2016/04/04/new-data-show...