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In the presence of a shortage, the value of an employee approaches infinity. I expect that you are really constrained by the amount of money your company can af
by randomdata 13y ago
In the presence of a shortage, the value of an employee approaches infinity. I expect that you are really constrained by the amount of money your company can afford, else you'd just walk over to Google/Facebook/Microsoft/whoever and walk out with their best employees in hand. Almost nobody is going to turn down a multi-million dollar offer, if it even takes that much.
- WalterBright 13y agoThen Google/Facebook/Microsoft/whoever is without that talent. How does this prove there's no shortage?
- randomdata 13y agoI'm not sure I was trying to prove that there isn't a shortage, rather if you're only offering a "generous" rate and not the rate that actually attracts people, then you are not really playing in the market. With that said, what is a shortage? Is there a shortage of Ferraris because I cannot afford one, or am I just too poor to consider owning one? Is there a shortage of developers until every developer is working for minimum wage so that the poorest of poor companies can afford them too?
- tbrownaw 13y agoA shortage is what happens when there is a significant delay between prices rising and supply rising. If demand gradually increases, both quantity and price will rise steadily. If there is a shortage, price first rises sharply with little or no increase in quantity and then falls with a significant increase in quantity.
- deleted 13y ago[deleted]