On: We Don't Have a Talent Shortage. We Have a Sucker ...

[mixmastamyk]

They don’t want to pay market rates, so promote a story to slow or reverse wage inflation.

But “don’t wanna pay” (when companies and 1%ers are hoarding like never before) doesn’t equal a shortage.

[jmcqk6 → mixmastamyk]

If there is a shortage, by supply and demand, wages should go up.

If they want to pay less, they should be out saying that there is an over supply and they can get workers for whatever wage they actually want.

You haven't explained how a shortage can lead to paying less on the part of companies... I still don't understand this logic.

[mixmastamyk → jmcqk6]

> You haven't explained how a shortage can lead to paying less on the part of companies.

There is no shortage. They promote the story of the shortage to pressure government to let in more indentured foreigners, with the slower goal of encouraging more locals to pursue those careers.

You'll notice that "paying more" (the classical/rational economic solution) doesn't seem to be an option.