Re:Employee shortages: Where have all the workers gone?
by dragonwriter on Saturday July 31, 2021 @12:26PM
(#28019528)
> In a market economy there is no such thing as a "shortage" of workers
That's...not true. If you make a bunch of Econ 101-level simplifying assumptions, like that supply and demand curves are continuous, of infinite range, and monotonically increasing and decreasing, respectively, with price, it is a natural conclusion, but those “assume a cow is a perfectly thermoconducting sphere” kind of assumptions don't hold in real market economies.
That's...not true. If you make a bunch of Econ 101-level simplifying assumptions, like that supply and demand curves are continuous, of infinite range, and monotonically increasing and decreasing, respectively, with price, it is a natural conclusion, but those “assume a cow is a perfectly thermoconducting sphere” kind of assumptions don't hold in real market economies.