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Even where we are now I know several people who are going back to school to get their comp sci degrees that were previously anything from teachers to law school
by littlegiantcap 14y ago
Even where we are now I know several people who are going back to school to get their comp sci degrees that were previously anything from teachers to law school graduates. I would argue that 1. This market is elastic and that 2. labor is slower to shift than capital.
- argonaut 14y agoEverything is elastic over the "long-term." But things can still be very inelastic over the short term. Like the supply of engineers. In your case, it would take 4 years for those people going back to school to finish their bachelors degree, and, if we're talking about the supply of PhD engineers, 5-6 more years to get a PhD. That's a long time in the tech industry, especially given the tech industry's growth. That's four to ten billion-dollar companies.