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0 pointsremarkEon1y ago0 comments

You're not missing anything. Other than that, seemingly, STEM roles are the only industry where the laws of supply and demand do not apply, and a positive supply shock of something does not, for some reason, drive down the price.

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jandrese1y ago

If a supply shock doesn't drive down the price then it suggests that the supply constraint was larger than than the shock and that the market was being artificially constrained to prevent the prices from rising to meet demand.

remarkEonOP1y ago

So in other words, yes, for whatever reason tech is this special case that doesn't apply anywhere else and supply shocks don't matter.

An odd claim, wish there was more evidence for it being true. As in, what is the "artificial constraint" for front end web developers?

InsideOutSanta1y ago

It's also possible that the supply itself is what creates more demand. People who move to the US are probably less risk-averse than the average person, and more likely to start new companies, creating more jobs.

Aperocky1y ago

STEM roles already pay incredibly well in this country, and even more so if you compare it globally.

What is the downward price shock you're talking about? What do you think the salary would or should be, assuming all H1B worker are magically gone the next day?

sunshowers1y ago

Have you engaged with the Card vs Borjas literature at all? We learn about the world by studying it, not by simply thinking about it from one's armchair.

remarkEonOP1y ago

No, and after that brief description I definitely won't.

You learn about the world by living in it, not by reading about it.

sunshowers1y ago

Indeed, you are part of the grand American tradition of reveling in ignorance.

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jandrese1y ago

remarkEonOP1y ago

So in other words, yes, for whatever reason tech is this special case that doesn't apply anywhere else and supply shocks don't matter.

An odd claim, wish there was more evidence for it being true. As in, what is the "artificial constraint" for front end web developers?

InsideOutSanta1y ago

Aperocky1y ago

STEM roles already pay incredibly well in this country, and even more so if you compare it globally.

What is the downward price shock you're talking about? What do you think the salary would or should be, assuming all H1B worker are magically gone the next day?

sunshowers1y ago

Have you engaged with the Card vs Borjas literature at all? We learn about the world by studying it, not by simply thinking about it from one's armchair.

remarkEonOP1y ago

No, and after that brief description I definitely won't.

You learn about the world by living in it, not by reading about it.

sunshowers1y ago

Indeed, you are part of the grand American tradition of reveling in ignorance.

1 more reply

j / k navigate · click thread line to collapse