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> Managers' taking risks on massive hirings leads directly to lower unemployment and higher wages. That's also not true, because it excludes a myriad of parame
by manuelabeledo 4y ago
> Managers' taking risks on massive hirings leads directly to lower unemployment and higher wages.
That's also not true, because it excludes a myriad of parameters, some of which we are able to observe in current trends, like inflation and talent pool size.
- legutierr 4y agoIs there only one explanation for lower unemployment and higher wages? No, and clearly I'm not saying anything like that. But would you seriously argue that when a company hires 100 people it doesn't lower unemployment by 100 people? And that when 100 people receive job offers, their ability to negotiate higher salaries does not also increase?
- manuelabeledo 4y ago> But would you seriously argue that when a company hires 100 people it doesn't lower unemployment by 100 people? And that when 100 people receive job offers, their ability to negotiate higher salaries does not also increase? There's already a very common scenario where this does not happen: layoffs targeting higher earners.