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Yes, as I said, shortages may be real - however, the media don't react at all to the numerous people raising the question of why there is no increase in the pri

Yes, as I said, shortages may be real - however, the media don't react at all to the numerous people raising the question of why there is no increase in the price to meet the demand, meaning higher wages. My point was not that there are no shortages, but that the writers of the many articles about it are deaf to any feedback and only promote the exact same talking points without change. The "pro markets" side has always been quick to point to "the market" - but strangely, they completely ignore it when it comes to employment, where the market does not seem to work at all. Price seems to be decoupled from demand and those same pro-market voices ignore any and all questions about that phenomenon.

SoftTalker 4y ago
I don't know where you are but nurses are getting higher pay -- often including double or more for overtime (which is great in the short term but not sustainable). I have a son looking at nursing now because the job prospects are better than tech and with the aging population I don't see demand for nurses relaxing anytime soon.
- nosianu 4y ago
  > I don't know where you are I started my original comment above with "Here in Germany...". As for current income data, it does not really matter at all? Because whatever the current level is, it's not part of my argument. It's about the market mechanism - higher demand should lead to higher wages. The dynamic behavior, the price changes. And we don't have that, even if you can show some increase, it's nowhere near the changes in demand. In many sectors. The argument was, if there really is a shortage, since we have a market, we should see or have already seen significant increases in compensation to signal the truth of such claims. We have not, not even close, for many years. The only kind of jobs where compensation increased far far above inflation was - the very top levels of management. Citing a statement from https://www.businessinsider.de/wirtschaft/manager-gehaelter-steigen-waehrend-untere-mittelschicht-weniger-verdient-a/ https://www.businessinsider.de/wirtschaft/manager-gehaelter-... > Führungskräfte haben ihren Gehaltsvorsprung laut eine Analyse der KfW zwischen 2010 und 2020 weiter ausgebaut. Ihr Gehalt stieg in zehn Jahren um fast 27 Prozent – auf fast doppelt so viel wie der Gesamtdurchschnitt aller Leistungsgruppen. Translation of the main point: Managers compensation between 2010 and 2020 increased about twice as much as the average of all groups.

SoftTalker 4y ago

I don't know where you are but nurses are getting higher pay -- often including double or more for overtime (which is great in the short term but not sustainable). I have a son looking at nursing now because the job prospects are better than tech and with the aging population I don't see demand for nurses relaxing anytime soon.

nosianu 4y ago
> I don't know where you are I started my original comment above with "Here in Germany...". As for current income data, it does not really matter at all? Because whatever the current level is, it's not part of my argument. It's about the market mechanism - higher demand should lead to higher wages. The dynamic behavior, the price changes. And we don't have that, even if you can show some increase, it's nowhere near the changes in demand. In many sectors. The argument was, if there really is a shortage, since we have a market, we should see or have already seen significant increases in compensation to signal the truth of such claims. We have not, not even close, for many years. The only kind of jobs where compensation increased far far above inflation was - the very top levels of management. Citing a statement from https://www.businessinsider.de/wirtschaft/manager-gehaelter-steigen-waehrend-untere-mittelschicht-weniger-verdient-a/ https://www.businessinsider.de/wirtschaft/manager-gehaelter-... > Führungskräfte haben ihren Gehaltsvorsprung laut eine Analyse der KfW zwischen 2010 und 2020 weiter ausgebaut. Ihr Gehalt stieg in zehn Jahren um fast 27 Prozent – auf fast doppelt so viel wie der Gesamtdurchschnitt aller Leistungsgruppen. Translation of the main point: Managers compensation between 2010 and 2020 increased about twice as much as the average of all groups.