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I would seem they weren't desperate enough, would it not? From Wikipedia [0]: A demand schedule [...] represents the amount of a certain good that buyers are w
by balfirevic 6y ago
I would seem they weren't desperate enough, would it not?
From Wikipedia [0]: A demand schedule [...] represents the amount of a certain good that buyers are willing and able to purchase at various prices.
That demand is large at low salaries but low at higher salaries just means that demand isn't very high (or as high as it is in US).
[0] - https://en.wikipedia.org/wiki/Supply_and_demand https://en.wikipedia.org/wiki/Supply_and_demand
- pmoriarty 6y agoMaybe so, but 20 years ago it wasn't a case of having "vast talent pools" in the EU, as they just didn't exist. Also, there are limits to what companies can afford to pay while still having a viable business model. They can be maximally desperate for talent, but still limited to paying only up to a certain amount.
- balfirevic 6y ago> Also, there are limits to what companies can afford to pay while still having a viable business model. They can be maximally desperate for talent, but still limited to paying only up to a certain amount. That's part of the demand curve, as commonly understood in economics, even if we might colloquially say that "there is a large demand".
- imtringued 6y agoIf there was high demand then we would see salaries rise quickly year over year.