4 ms·
I think this comment misunderstands the whole supply/demand curve idea. At a low enough price, there would be an arbitrarily high number of "open positions". Th
by joshlemer 5y ago
I think this comment misunderstands the whole supply/demand curve idea. At a low enough price, there would be an arbitrarily high number of "open positions". The statement "there are 10 open positions but only 8 qualified people" therefor is trivially true and meaningless. If I could pay people $1/hour then I might hire 5 of them full time personal assistants. But people wouldn't work for $1/hour, so in that case do we say that there are 5 open positions but 0 candidates?