2 ms·
> What determines wages is the level of skill required for the job. No, it's not. What determines wages is how much your skill is needed vs. the availability o
by airstrike 5y ago
> What determines wages is the level of skill required for the job.
No, it's not. What determines wages is how much your skill is needed vs. the availability of people with similar skills willing to take on that job. It's supply and demand in the labor market.
You don't need to econosplain to me how pricing works in a free market...
- olliej 5y agoClearly I do, as you’re busy ancapping yourself to product development being free while saying a product is overpriced when it literally sold out at said price. You are right in the strict sense of demand being a necessity for a skill to have value. I was assuming context would imply a skill with demand. I understand it’s possible to have skills that don’t have demand.