IssueRaiser

High wages are not enough.

High wages are not enough. It takes time to train people. It can take years. Demand for experienced workers can't be satisfied with newly trained workers. Demand for skilled workers can very easily exceed their supply. A good example of this problem currently is nurses in the Bay Area. They are very well paid however there is still a shortage because there isn't enough teaching available. The teachers are of course experienced nurses, so there's no way to increase the supply of teachers without further reducing the supply of nurses. So while supply and demand will solve them problem eventually, you might have to wait 20 years and in the world of business someone else is going to eat your lunch during that time.

Posted by jahewson on Jun 17, 2015, 5:21 AM

Tags

Related issues

Raise real-world problems, find people facing the same issue, and discuss solutions.6,000 issues0 comments

hackernews (EdTech)

High wages are not enough.

jahewsonJun 17, 2015, 5:21 AM

High wages are not enough. It takes time to train people. It can take years. Demand for experienced workers can't be satisfied with newly trained workers. Demand for skilled workers can very easily exceed their supply. A good example of this problem currently is nurses in the Bay Area. They are very well paid however there is still a shortage because there isn't enough teaching available. The teachers are of course experienced nurses, so there's no way to increase the supply of teachers without further reducing the supply of nurses. So while supply and demand will solve them problem eventually, you might have to wait 20 years and in the world of business someone else is going to eat your lunch during that time.

Comments (0)

No comments yet. Start the discussion.

Comment on this issue