If you suppress prices, you reduce supply. Demand remains high, supply is now artificially low.<p>One unspoken benefit of this history of wage suppression is the dearth of engineering talent today. Rather than high prices signaling an opportunity to invest in an engineering education, labor market participants should have rationally chosen different skills and disciplines given the relatively low perceived market pay.<p>It stands to reason that engineers are getting paid more now than they otherwise would be thanks to temporal lags and education costs. If an unrigged market had been signaling prices that conformed to job market participant's real demands, the students of yesterday could have recognized better job opportunities today.
That started off as a moderately interesting blog post, and...<p>"Conclusion<p>Use Mighty Spring! ..."<p>ended as a thinly disguised advertisement. I think I would have preferred some indication at the top of the page that the company was offering services related to the blog post.
No more wage suppression cartel? No problem, on to the next schtick; cries for more H1B's because of a "STEM worker shortage".<p>Don't fall for it folks, the STEM worker shortage is a myth.
So, what would have happened had Apple and Google ruthlessly poached from each other and from every other smaller tech company like Adobe? A few engineers would have been better for it, but would the companies have attained the success that they did?