Re:The work-from-home future is destroying bosses' brains
by camgunz on Friday June 11, 2021 @11:19AM
(#27474543)
Nah, it's status. We have a teacher and nurse shortage in the US, they're critical professions, and they're super underpaid. Supply and demand doesn't explain the low wages.
Re:The work-from-home future is destroying bosses' brains
by lurquer on Friday June 11, 2021 @03:58PM
(#27477729)
You just described supply and demand.
If the wages are too low, you’ll have a shortage.
To remediate the shortage, wages must increase.
Re:The work-from-home future is destroying bosses' brains
by camgunz on Friday June 11, 2021 @09:31PM
(#27480552)
Yeah but step 2 of that is "wage increase" (then step 3 of that is "either school A increases wages or school B increases wages and gets all the teachers, etc.) You can't arbitrarily pick a point at which you stop making an appeal to authority to Econ 101; it's all or nothing.
The point here is, the situation should make us ask ourselves "huh, I wonder why wages aren't increasing." But I can save you some time and tell you the answer is mostly we don't think those jobs are high status enough.
Re:The work-from-home future is destroying bosses' brains
by rhizome on Saturday June 12, 2021 @04:02PM
(#27487081)
Comparing people to nails is a new one! I'm not sure I find it apt, though.
>Pay has nothing to do with how critical or important a job is
Well yeah, that's the observation I was describing. The difference is that I think that's a bad thing.
>supply and demand
We aren't describing free markets, so you're going to have to fill that out a little bit to meet reality.
Pay has nothing to do with how critical or important a job is. Nothing.
Pay is determined — like everything else — by supply and demand.
Nails are the most ‘critical and important’ component of a house. They are also the cheapest. Because the supply is endless. The chandelier in the entryway, on the other hand, is neither critical nor important, yet it costs a great deal more than a nail.