Re:Experienced engineers are struggling to get hired
by rhelz on Thursday March 14, 2024 @04:46PM
(#39708753)
Surely, there are many different senses for the word "shortage", so, even if you are pragmatic, its a good idea to be pedantic as to which one you are using.
When I claim a free market has no shortages, I'm using "shortage" in the sense that demand does not exceed supply. "Demand" and "Supply" are also very carefully defined by economists. It's a theorem that under these definitions, in the condition of a free market, there are no shortages.
The market for programmers is certainly not a completely free market, but its close enough that if somebody says they can't find any programmers, it means they are not willing or able to pay market wages for programmers.
When I claim a free market has no shortages, I'm using "shortage" in the sense that demand does not exceed supply. "Demand" and "Supply" are also very carefully defined by economists. It's a theorem that under these definitions, in the condition of a free market, there are no shortages.
The market for programmers is certainly not a completely free market, but its close enough that if somebody says they can't find any programmers, it means they are not willing or able to pay market wages for programmers.