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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.

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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.

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