4 ms·
Then someone lower got a better job and someone out of work ends up in a job.
by ipaddr 4mo ago
Then someone lower got a better job and someone out of work ends up in a job.
- bonsai_spool 4mo agoThere are not enough qualified people in any particular country for all the possible new technologies that could be deployed. You're not likely to hire your plumber to program a webapp. That doesn't mean your plumber isn't qualified—just that people looking for webapps want to hire workers who know how to make them.
- throwaway85825 4mo agoWriting web apps is not the most skilled of jobs. Despite what some egos would have tou believe.
- ipaddr 4mo agoSo many computer science grads can't find work many have left the field. I don't think we will run out of workers. There is the other side plenty of workers successful at programming language could be trained to fill any gap. That's what happened in the 50s and 60s..
- rtgfhyuj 4mo agolol cs grads can’t do this work
- dnnddidiej 4mo agoCompanies also struggle to hire. It is a skills matching issue.
- hunterpayne 4mo agoCompanies struggle to hire at a rate they want to pay. They don't struggle to hire at a market rate pay or more. Funny how that works. PS The number of roles that there aren't qualified Americans for could be counted on one hand. This has always been about reducing salaries, not shortages.
- mlnj 4mo agoI highly doubt a company can find 20k senior Photolithography experts in rural Nebraska if a company wanted. No matter what money they are paying. They'll have to bring them in. Of course I am exaggerating, but this is not a 1 dimensional problem.
- Saline9515 4mo agoPlease check what the majority of H1-Bs are hired for. It's a visa mainly used for cutting costs, not hiring ultra specialized people.
- mlnj 4mo agoI was demonstrating that throwing money at the shortage does not magically create new talent in a geographical area. It has to be imported.
- Saline9515 4mo agoThe issue is that if you import all of skilled workers you need, salaries won't rise in the branch, and students or workers in adjacent fields don't have any incentives to learn the skill. If you can hire Syldavian photonics engineers for 50k$/y, no one is incentivized to learn photonics. This is why in the modern world some sectors are always crying about "worker shortages" while asking always more migrant workers to come in - salaries are compressed as a result, and locals have no incentives to enter the branch. Hence importing workers may be useful for needs that are limited in time and space (say, install a specialized foreign machinery in a power plant), but systematic importation leads to dequalification of the local workers, who flee the branch that has now low salaries.
- kasabali 4mo agoit's a companies not wanting to spend any amount of time and money training an employee and wanting 100% utilization the second the employment starts issue.
- dnnddidiej 4mo agoBut a jobs worth of GDP was lost due to the lost consumption. Harder to measure for 1 person but imagine 100k people suddenly left a city. That would be felt somewhere. Dry cleaners, cafe, supermarkets etc. This might be less true if there is resource starvation but we have transport and imports and exports. You can accomodate more people and feed them.
- konschubert 4mo agoThis is called the "lump of labour" fallacy: https://en.wikipedia.org/wiki/Lump_of_labour_fallacy https://en.wikipedia.org/wiki/Lump_of_labour_fallacy
- Saline9515 4mo agoSo the job market doesn't exist? Interesting!
- itsmek 4mo agoTo be clear, their point is: >The facts show that just like the amount of labor is not fixed, neither is the size of the economy (fixed pie fallacy) and as more work is done, the economy grows Your reply is a glib thought-terminating cliche strawman that doesn't address their point at all. Interesting!
- Saline9515 4mo agoThose theories are based mainly on the effect of Cuban immigration in Miami, however they lack a control so you can't really conclude anything. Besides, yeah, if you hire people who will work for any salary, the amount of jobs will increase, but salaries will decrease, for locals as well. After some time, locals will flee sectors where the migrant workers are brought in, creating further self-inflicted "labor shortages"...requiring more migrants! The main winners are capital owners, who, thanks to the migrant workers, can now acquire a larger part of the added value generated by workers.
- dnnddidiej 4mo agoThese one dimensional brush offs of a complex system are a bit tiring. Doesn't sound like genuine curiousity. It is almost like political rhetoric. Yes the job market exists.