Re:We Don't Have a Talent Shortage. We Have a Sucker Shortage
by coffeemug on Saturday April 20, 2019 @07:23PM
(#19709555)
> I would expect, in a skills shortage, that the employee would be able to demand a much greater share, something closer to -- or even temporarily above -- 100%.
It would be really interesting to compare salary/profit ratio of the tech industry to recognized labor shortages in other industries.
Re:We Don't Have a Talent Shortage. We Have a Sucker Shortage
by throwaway938nk1 on Sunday April 21, 2019 @12:19AM
(#19710518)
I think much of what people are trying to say here is that there is no such thing as a labor shortage in any industry (assuming no artificial wage controls). Also, in the USA you often hear about insufficient supply of workers in certain work categories: software engineer, nurse, teacher. Are those the very highest paid work categories? If not, why aren't the highest paid categories said to be suffering from insufficient supply?
You are of course right that the ratio of profit per employee and salary is irrelevant.
So it is currently at a 50/50 split of the value created between the employee and the company.
I would expect, in a skills shortage, that the employee would be able to demand a much greater share, something closer to -- or even temporarily above -- 100%.
The absolute number, $60,000 or $600,000 or $6,000,000 doesn't seem relevant.