5 ms·
Ignoring for a minute that this sounds like a sly promo for Squid Game (mentioned 10 times), we're all grown-ups here who have taken Econ 101, right? If demand
by rdiddly 5y ago
Ignoring for a minute that this sounds like a sly promo for Squid Game (mentioned 10 times), we're all grown-ups here who have taken Econ 101, right? If demand is outstripping supply, the price goes up and tamps down the demand and/or induces more supply. Tamping down demand would look like studios churning out less crap, or at least confining it to their own countries of origin, which might be a secret win for everybody. Induced supply would look like translators realizing they can make a living at it, and switching jobs or even college majors. Holding the wage down artificially has the predictable result, a "shortage." Just like in tech.