6 ms·

Because then the agricultural company in Alabama wanting to hire the brightest chemist will be at a disadvantage compared to the IT firm in California. Forgetti

by tonmoy 3y ago

Because then the agricultural company in Alabama wanting to hire the brightest chemist will be at a disadvantage compared to the IT firm in California. Forgetting about the cost of living adjustments for each area the industry wide disruption alone may not be worth it

ok123456 3y ago
Have a different auction for different worker skill classifications.
HeatrayEnjoyer 3y ago
A disadvantage in what way? Unless I'm missing something this just sounds like markets being markets. As a worker, why would I accept a job that pays less and requires me to live in Alabama if I can do better?
- dalyons 3y ago
  Because chemistry and IT/swe are not the same jobs. And America also needs chemists
  - athowawaym 3y ago
    [dead]
  - horns4lyfe 3y ago
    America HAS chemists.
  - 29athrowaway 3y ago
    If there is more demand for chemists, the wages will go up which in turn will incentivize more Americans to pursue being chemist as a career.
    - kube-system 3y ago
      To a point, they will. However, the amount they can rise is capped by other economic factors. e.g. If wage pressure goes beyond a businesses ability to pay, they can't hire. This then leads to businesses ceasing operations and hiring nobody.
    - 15457345234 3y ago
      > wages will go up The issue is that tech can pay exorbitant salaries compared to physical-world companies as the product they're producing has infinite reach and is often 'evergreen' It's the same issue as investment banking; when you can almost literally print the money you're paying salaries with you can hire everyone at any price. The issue is, that leads to the smartest people in the country all ending up at 'virtual' industries and you discover eventually you don't have an economy, you just have a giant video game.
      - medvezhenok 3y ago
        You just have to turn off the money printer and watch the tech money dry up (What we’re seeing now)
        15457345234 3y ago
        you love to see it
    - selimthegrim 3y ago
      No, they try to rebrand as “quantitative bioscientists” or “molecular engineers” and cross their fingers and hope for postbac students who weren’t chemists because they don’t believe in their own curriculum anymore.
  - trimethylpurine 3y ago
    Based on pay, I would guess chemists aren't in demand.
    - saagarjha 3y ago
      That’s not how the market works. It doesn’t go “oh we need chemists let’s increase their pay and they’ll flock here”. It goes “oh I guess we let our science skills rot for 20 years it seems really hard to do chemistry now let’s pivot the business into a glorified real estate holding and invest in those ad companies that seem to have good ROI”.
      - selimthegrim 3y ago
        Ex-chemist, can confirm.
      - trimethylpurine 3y ago
        >I guess we let our science skills rot for 20 years. Americans are world leaders among chemists, so I don't think you're correct in this case [1]. It looks much more like saturation, with only 7200 openings per year [2]. And over 13000 annual graduates [3]. We have an excess of chemists in the US, as best I can tell, and we should expect pay to reflect that. [1] https://research.com/news-events/world-ranking-of-top-chemistry-scientists-2022 https://research.com/news-events/world-ranking-of-top-chemis... [2] https://www.bls.gov/ooh/life-physical-and-social-science/chemists-and-materials-scientists.htm https://www.bls.gov/ooh/life-physical-and-social-science/che... [3] https://cen.acs.org/education/graduate-education/numbers-s-chemistry-chemical-engineering/97/i30 https://cen.acs.org/education/graduate-education/numbers-s-c...
    - kube-system 3y ago
      Based on pay, you'd think childcare is in low demand and astronomers are in high demand. But that would be wrong.
      - trimethylpurine 3y ago
        Based on pay I wouldn't think that astronomers are in high demand, and neither does the Bureau of Labor [1]. Child care labor is in fact in low demand [2]. I think child care is expensive because insurance is expensive. [1]: https://www.bls.gov/ooh/Life-Physical-and-Social-Science/Physicists-and-astronomers.htm https://www.bls.gov/ooh/Life-Physical-and-Social-Science/Phy... [2]: https://www.bls.gov/ooh/personal-care-and-service/childcare-workers.htm https://www.bls.gov/ooh/personal-care-and-service/childcare-...

by tonmoy 3y ago

ok123456 3y ago

Have a different auction for different worker skill classifications.

HeatrayEnjoyer 3y ago

A disadvantage in what way? Unless I'm missing something this just sounds like markets being markets. As a worker, why would I accept a job that pays less and requires me to live in Alabama if I can do better?

dalyons 3y ago
Because chemistry and IT/swe are not the same jobs. And America also needs chemists
- athowawaym 3y ago
  [dead]
- horns4lyfe 3y ago
  America HAS chemists.
- 29athrowaway 3y ago
  If there is more demand for chemists, the wages will go up which in turn will incentivize more Americans to pursue being chemist as a career.
  - kube-system 3y ago
    To a point, they will. However, the amount they can rise is capped by other economic factors. e.g. If wage pressure goes beyond a businesses ability to pay, they can't hire. This then leads to businesses ceasing operations and hiring nobody.
  - 15457345234 3y ago
    > wages will go up The issue is that tech can pay exorbitant salaries compared to physical-world companies as the product they're producing has infinite reach and is often 'evergreen' It's the same issue as investment banking; when you can almost literally print the money you're paying salaries with you can hire everyone at any price. The issue is, that leads to the smartest people in the country all ending up at 'virtual' industries and you discover eventually you don't have an economy, you just have a giant video game.
    - medvezhenok 3y ago
      You just have to turn off the money printer and watch the tech money dry up (What we’re seeing now)
      - 15457345234 3y ago
        you love to see it
  - selimthegrim 3y ago
    No, they try to rebrand as “quantitative bioscientists” or “molecular engineers” and cross their fingers and hope for postbac students who weren’t chemists because they don’t believe in their own curriculum anymore.
- trimethylpurine 3y ago
  Based on pay, I would guess chemists aren't in demand.
  - saagarjha 3y ago
    That’s not how the market works. It doesn’t go “oh we need chemists let’s increase their pay and they’ll flock here”. It goes “oh I guess we let our science skills rot for 20 years it seems really hard to do chemistry now let’s pivot the business into a glorified real estate holding and invest in those ad companies that seem to have good ROI”.
    - selimthegrim 3y ago
      Ex-chemist, can confirm.
    - trimethylpurine 3y ago
      >I guess we let our science skills rot for 20 years. Americans are world leaders among chemists, so I don't think you're correct in this case [1]. It looks much more like saturation, with only 7200 openings per year [2]. And over 13000 annual graduates [3]. We have an excess of chemists in the US, as best I can tell, and we should expect pay to reflect that. [1] https://research.com/news-events/world-ranking-of-top-chemistry-scientists-2022 https://research.com/news-events/world-ranking-of-top-chemis... [2] https://www.bls.gov/ooh/life-physical-and-social-science/chemists-and-materials-scientists.htm https://www.bls.gov/ooh/life-physical-and-social-science/che... [3] https://cen.acs.org/education/graduate-education/numbers-s-chemistry-chemical-engineering/97/i30 https://cen.acs.org/education/graduate-education/numbers-s-c...
  - kube-system 3y ago
    Based on pay, you'd think childcare is in low demand and astronomers are in high demand. But that would be wrong.
    - trimethylpurine 3y ago
      Based on pay I wouldn't think that astronomers are in high demand, and neither does the Bureau of Labor [1]. Child care labor is in fact in low demand [2]. I think child care is expensive because insurance is expensive. [1]: https://www.bls.gov/ooh/Life-Physical-and-Social-Science/Physicists-and-astronomers.htm https://www.bls.gov/ooh/Life-Physical-and-Social-Science/Phy... [2]: https://www.bls.gov/ooh/personal-care-and-service/childcare-workers.htm https://www.bls.gov/ooh/personal-care-and-service/childcare-...