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A comment on College-educated workers are taking over the American factory floor. Parent comment

Re:College-educated workers are taking over the American fac... by zepto on Monday December 09, 2019 @06:48PM (#21748019)
That’s not misallocation. House prices are not meant to be uniform. It’s based on supply and demand.
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Re:College-educated workers are taking over the American fac... by ip26 on Monday December 09, 2019 @06:56PM (#21748095)
The allocation is the huge portion of your salary going towards your mortgage.

The (arguable) "mis-" part is that while it's normal for some property to be worth more than others, and the housing market is functioning as it should given the parameters, we have chosen to make the supply highly inelastic in desirable places with predictable outcome.

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Re:College-educated workers are taking over the American fac... by zepto on Monday December 09, 2019 @08:32PM (#21748772)
Why are people choosing to accept salaries that are too low?
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Re:College-educated workers are taking over the American fac... by ip26 on Monday December 09, 2019 @09:38PM (#21749111)
(Proven) collusion between employers to keep wages down would be one reason.
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Re:College-educated workers are taking over the American fac... by zepto on Monday December 09, 2019 @10:56PM (#21749464)
Proven?
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Re:College-educated workers are taking over the American fac... by ip26 on Tuesday December 10, 2019 @12:19PM (#21754453)
Alright, technically it was only settled, but I'm referring to:

Four Silicon Valley companies -- including Apple and Google -- have agreed to pay $415 million to settle an antitrust lawsuit that accused the companies of conspiring not to hire away each other's employees.

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Re:College-educated workers are taking over the American fac... by zepto on Tuesday December 10, 2019 @04:16PM (#21756946)
Ok, but that isn’t going on now.
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Re:College-educated workers are taking over the American fac... by ryanmercer on Tuesday December 10, 2019 @06:27AM (#21751517)
Given companies have a legal responsibility to make a profit for shareholders...
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Re:College-educated workers are taking over the American fac... by zepto on Tuesday December 10, 2019 @09:26AM (#21752680)
Nobody has to work for them if they aren’t paying enough
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Re:College-educated workers are taking over the American fac... by swish_bob on Tuesday December 10, 2019 @08:20AM (#21752153)
Your choice is a salary that's too low or no salary. Which do you choose?
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