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Excellent article. Governments around the world have intervened massively on the supply side. Because in their flawed logic, more science and engineering grad
by biohacker42 18y ago
Excellent article.
Governments around the world have intervened massively on the supply side.
Because in their flawed logic, more science and engineering graduates == more innovation and prosperity for everybody!
But anyone who knows economics 101 knows how silly that is, all that this massive intervention on the supply side has done, is depress pay for scientists and engineers.
- Dilpil 18y agoAnd anyone who has ever written a line of code knows how silly what you just wrote is.
- biohacker42 18y agoWhat does coding have to do with an oversupply of engineers? Do you mean that coding is hard and thus we need more coders? Don't you think it might be better if we had better, not more coders?
- Dilpil 18y agoBy coding applications people want, you create wealth. There is not some fixed amount of software to be written, the rewards of which need to be distributed equitably. There is an infinite amount of wealth ready to be created.