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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 ams6110 on Thursday November 15, 2018 @10:36AM (#18460032)
That's an economic definition. A more common understanding of shortage includes conditions where the price rises beyond what I can afford. If I can't afford beef at $10/lb but the supply of beef commands that price, I will perceive that as a "shortage"
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Re:Companies struggling to fill jobs 'should try paying more... by imglorp on Thursday November 15, 2018 @10:52AM (#18460206)
> beyond what I can afford

No, it's not usually "CAN afford", it's more like "beyond what I WANT to pay".

Eg Apple has $245 billion in cash. Instead of offshoring the production AND the cash and then gaming the H-1B supply [1], they could be exploring education, infrastructure, and training, per credit_guy's observation above. We also need to discourage offshore tax havens.

1. https://www.networkworld.com/article/3196711/careers/us-law-...

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