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But the labour market is artificially constrained by government policy relative to immigration. If you already have full occupation and you cannot import worke
by riffraff 3y ago
But the labour market is artificially constrained by government policy relative to immigration.
If you already have full occupation and you cannot import workers you will have shortages no matter how much you get paid, people will not get a 5y degree in one month no matter how much you pay.
- Dylan16807 3y agoStep one is drawing in workers from other companies that are not willing to pay more. In theory we could reach a point where all the workers are doing so well that even large pay won't draw them in. But companies don't wait to get anywhere near that point to start complaining about how they "can't" hire.