6 ms·
> The pay is based on cost of living and labor supply constraints. why?
by d82nsjk9 5y ago
> The pay is based on cost of living and labor supply constraints.
why?
- prepend 5y agoI think because labor is a market and markets are driven by supply. If there’s millions of programmers, wages will be lower. Just basic, hundreds of years old thinking from Smith’s Law of Supply and Demand [0]. There’s likely lots of specific reasons but they all boil down to some form of supply and demand. [0] https://www.investopedia.com/terms/l/law-of-supply-demand.asp https://www.investopedia.com/terms/l/law-of-supply-demand.as...