Re:Oil companies scramble to find workers despite boom
by jason-phillips on Sunday May 01, 2022 @01:07PM
(#31226637)
Obvious distortions exist, the ones you noted, plus minimum wage and so forth.
However, discussion to this point notwithstanding, I still believe it's the most exemplary mechanic of supply and demand today.
At the low end, the market is directly supported by welfare programs. In the middle, supply friction is distorted by health insurance. There are meaningful market forces at play at the upper echelon, but it’s more a social market than tied to actual business outcomes.