Hacker News new | ask | show | jobs
by feefie 2776 days ago
> There is no such thing as "shortage" of anything. Just pay more, and you'll get it.

Businesses are also limited by how much their customers are willing to pay for the item/service their workforce produces.

If a company's labour costs are higher than the price their customers are willing to pay for the product they are selling, then that product won't be produced.

e.g. if the labour that goes into making raspberries means the customer has to pay $6.99 for a tiny little package of raspberries at the grocery store, and no one in the world is willing to pay that, then raspberries will no longer be sold.

I'm not saying that there currently isn't room to pay higher wages, I'm just saying there is a practical limit to "just pay more".