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> There are no experienced manufacturing workers… This isn't a matter of the price of labor. Nonetheless the shortage may be addressed by increasing the price.
by w0de0 4y ago
> There are no experienced manufacturing workers… This isn't a matter of the price of labor.
Nonetheless the shortage may be addressed by increasing the price. Witness the proliferation of software boot camps.
I find myself confused this fundamental mechanism of free markets seems stuck for this market in this nation. Which hidden incentive(s) do I not comprehend?
Is it simply that decades of business acumen and planning assume cheap labor, anchoring executives’ expectations well below what is now required?