[pm90]

> What is this supposed to mean? That there is no market clearing price where the supply curve and the demand curve intersect, such that at any wage level demand exceeds supply? Or just that the politically (because also economically) powerful buyers prefer lower prices than that market-clearing price, and so want government action to lower the price?

Demand and supply curves don't work well when the thing in demand is skilled people. You cannot ramp up the number of skilled engineers immediately when demand shoots up.

edit: missed a "don't"