The Downside of Having More Engineers

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The Downside of Having More Engineers

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07-01-2010, 17:34

AdamHeard

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Re: The Downside of Having More Engineers

Quote:

Originally Posted by RobertG

It sounds like there might be such high demand for engineers that the supply curve for engineers is nearly vertical. This means that higher wages do not attract more applicants than lower wages. If this is the case then a small increase in supply (right shift of the supply curve) will not decrease wages. Is this portrayal of the engineering industry accurate?

I think the overall issue is a little more complicated than basic economics.

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