wouldn't a real or fake shortage of talent drive wages up, not down?
A fake shortage drives wages down by increasing supply.
Also, you create a fake shortage by driving wages down: "we have so many positions that we cannot fill (at the price that we are willing to pay)"
Re:Data Science Is America’s Hottest Job
by ItsMe000001 on Friday May 18, 2018 @12:46PM
(#17102890)
Yes, no.
Yes if it's real. No if it's fake.
This still ignores the question of if entry limits for jobs are set reasonably or not though, you can create a real shortage by limiting yourself needlessly. At which point those who think that it is needless will call it "fake", so which word you use also depends on opinion and interpretation of data :-)
Tech worker's arrogance reminds me of "made in the USA" factory workers who thought their jobs were safe. If people don't start pushing back wages will be pushed down to global equilibrium. Based on how things are going I'm predicting neo-feudalism thanks to the joys of open-boarders globalism putting all power into the hands of corporations.