2 ms·
> "shortage" just means "I don't want to pay market rate" I've read this repeatedly, and it makes sense at face value, but at some point don't some activities
by phreeza 5y ago
> "shortage" just means "I don't want to pay market rate"
I've read this repeatedly, and it makes sense at face value, but at some point don't some activities just have to be dropped, since there is a finite amount of labor to go around?
edit: upon further thought, there is probably a pool of labor available currently on unemployment benefits that could be activated with sufficiently high wages, but even that is not infinite.
- saberdancer 5y agoWith sufficiently high wages you can get people to change jobs to become truckers. Problem here is that truckers are not working in vacuum, their wages come from the transport of goods. If the goods have low margins, wages of truckers cannot increase by much.