3 ms·
> All business is ruled by the laws of economics. No, this is exactly what's wrong with all of this analysis. Economics is a social science. That's one of the
by crabasa 13y ago
> All business is ruled by the laws of economics.
No, this is exactly what's wrong with all of this analysis. Economics is a social science. That's one of the reasons why behavioral economics has attracted so many bright minds, because of the obvious shortcoming of classical economics. To think that people are simply going to chase higher salaries ignores everything that you should know about how real people make decisions about careers.
That's not to say that there are no examples of this, but it's obvious based on the numbers of people who self-describe as a "programmer" that this is not happening in sufficient numbers relative to the demand.
- eli_gottlieb 13y agoNo, this is exactly what's wrong with all of this analysis. Strange how the laws of economics only cease to apply when their application would result in higher wages for workers.