Can you clarify what you mean by "given compensation", because: > is totally represented by a shortage of qualified people for the given compensation. Sounds

Can you clarify what you mean by "given compensation", because: > is totally represented by a shortage of qualified people for the given compensation. Sounds like "I want to pay X, there's not enough willing to work for X, therefore there is a labor shortage." I know plenty of people who only want to pay $30 an hour for web development work. It might feel like a labor shortage to these people since they can't find many people willing to work for that wage, but in reality where the price they've chosen lands on the supply/demand curve there is almost no supply, but if they increased the wage, amazingly supply goes up too. If 30 seems high enough, imagine $5 an hour instead of $30. The actual number doesn't matter, it's where it falls on the spectrum that is relevant for this example. If by "given compensation" you meant "market rate" then I think we're largely in agreement.