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by snowwrestler
3572 days ago
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This argument comes up all the time on HN, but I don't think it means anything. It seems to me that the ability to fill an opening by offering more salary can't disprove a talent shortage, because it is always possible to do so. Thought experiment: If 100 companies had openings for a skill set that only one person could deliver, all 100 companies could eventually fill their openings by sequentially outbidding each other for the services of that one person. So how would we know if a talent shortage really exists for a certain job? I can think of a couple potential hints: if starting salaries are going up much faster than the national average, or if the unemployment rate for that job is much lower than the national unemployment rate. Either would seem to indicate that, relative to the job market as a whole, there was a greater demand than supply for that particular job. |
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1. physicists
2. Wall St. quants
3. game programmers
4. PhD statisticians
So, the problem is not that there aren't 6,600 people in the US that can do it, it's that the companies can't pay or don't want to pay the $200,000 + that would be required to hire them.