3 ms·
Nah, it's status. We have a teacher and nurse shortage in the US, they're critical professions, and they're super underpaid. Supply and demand doesn't explain t
by camgunz 5y ago
Nah, it's status. We have a teacher and nurse shortage in the US, they're critical professions, and they're super underpaid. Supply and demand doesn't explain the low wages.
- lurquer 5y agoYou just described supply and demand. If the wages are too low, you’ll have a shortage. To remediate the shortage, wages must increase.
- camgunz 5y agoYeah but step 2 of that is "wage increase" (then step 3 of that is "either school A increases wages or school B increases wages and gets all the teachers, etc.) You can't arbitrarily pick a point at which you stop making an appeal to authority to Econ 101; it's all or nothing. The point here is, the situation should make us ask ourselves "huh, I wonder why wages aren't increasing." But I can save you some time and tell you the answer is mostly we don't think those jobs are high status enough.