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A comment on Companies struggling to fill jobs 'should try paying more,' Fed's Kashkari says. Parent comment

Re:Companies struggling to fill jobs 'should try paying more... by scarejunba on Thursday November 15, 2018 @07:24AM (#18458666)
> There is no such thing as "shortage" of anything. Just pay more, and you'll get it.

Trivially counter-exampled, right? There's a shortage of manned space launch systems at the moment. If we had a launch system today we'd use it immediately. We can pay infinity dollars and there still wouldn't be one available for use for quite some time.

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Re:Companies struggling to fill jobs 'should try paying more... by sigfubar on Thursday November 15, 2018 @07:30AM (#18458702)
The person you’re replying to made a generalized statement in the context of companies struggling to fill jobs at a price point that no longer exists. He suggested that companies simply catch up with the price point, which has been moved upwards by market forces.

What you’re describing is correct but different.

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Re:Companies struggling to fill jobs 'should try paying more... by galfarragem on Thursday November 15, 2018 @07:50AM (#18458820)
That's a theoretical example: an auction without nothing to sell (supply = 0). When supply is > 0, the general rule applies: pay more and you will get it.
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