Economically, that doesn't matter at all. Wages are set "at the margin" by the most competitive players[1] and everyone is just living in their world. Ignorance

Economically, that doesn't matter at all. Wages are set "at the margin" by the most competitive players[1] and everyone is just living in their world. Ignorance on the part of employers (and employees) might cause them to be surprised by outcomes instead of creating them but doesn't change the situation. [1] in the efficient frontier sense, not necessarily the most skilled workers or the best jobs.