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A comment on The college-for-all model isn't working. Parent comment

Re:The college-for-all model isn't working by randomdata on Tuesday December 03, 2013 @03:35PM (#6843000)
I'm not sure I was trying to prove that there isn't a shortage, rather if you're only offering a "generous" rate and not the rate that actually attracts people, then you are not really playing in the market.

With that said, what is a shortage? Is there a shortage of Ferraris because I cannot afford one, or am I just too poor to consider owning one? Is there a shortage of developers until every developer is working for minimum wage so that the poorest of poor companies can afford them too?

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Re:The college-for-all model isn't working by tbrownaw on Tuesday December 03, 2013 @04:14PM (#6843235)
A shortage is what happens when there is a significant delay between prices rising and supply rising.

If demand gradually increases, both quantity and price will rise steadily.

If there is a shortage, price first rises sharply with little or no increase in quantity and then falls with a significant increase in quantity.

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