[yawboakye]

i wonder if they would have ever hit saturation here. you can only hire so many people. i would compare it to the discomfort that is felt by private transport operators in the wake of a public transport scheme. when the government of ghana introduced public buses that charged less than half the regular fare, they shook the market. but the public buses could only carry so much--many, due to their circumstances, were served by the private operators. it remains so to this day. in fact, private operators have flourished.

likewise, mining companies launching in ghana have usually paid higher than the incumbent. it could be strategic as it allows them to hire highly skilled workers without the cost of pre-training. here too, a saturation is reached, and things stabilize, with people doing the same job but receiving different compensations. we at devcongress (https://devcongress.org) have worked hard to ensure that local companies pay top-dollar for tech talent. we enforce this through our job boards. still, there are companies out there paying $500/mo and they receive a flood of applicants. but these are my experiences. makes me believe that after the market has been excited, it will definitely dissipate the energy, and return to previous equilibrium (or achieve equilibrium at a higher orbit). i honestly believe that an equilibrium will be reached.