"Labor shortage" ? What evidence is there that there is a labor shortage? I'll buy that there is a mis-match between what employers want to pay and what an employee wants to take.
I suppose there's a prime rib-eye steak shortage. I'm willing to pay $1 for a steak!!! But nobody wants to supply me with it. But if I raise my price to $12, then suddenly I can find many suppliers. Is there a rib-eye steak shortage?
So many "STEM" types work in places like Manhattan, Silicon Valley, Boston, etc. These are high cost of living areas and careers can be very short. $80/K a year can not buy a house. Perhaps the industry's solution is working better with local labor. Henry Ford did it when paid his workers and "outrageous" $5/day. The well paid workers could afford things, like the Ford cars they were making.
Bill Gates and Tim Cook can afford it. So can Sand Hill Road.
Pay the going rate.
If American needs more "venture", invest in American Moms and Dads and they'll do great things.
I suppose there's a prime rib-eye steak shortage. I'm willing to pay $1 for a steak!!! But nobody wants to supply me with it. But if I raise my price to $12, then suddenly I can find many suppliers. Is there a rib-eye steak shortage?
So many "STEM" types work in places like Manhattan, Silicon Valley, Boston, etc. These are high cost of living areas and careers can be very short. $80/K a year can not buy a house. Perhaps the industry's solution is working better with local labor. Henry Ford did it when paid his workers and "outrageous" $5/day. The well paid workers could afford things, like the Ford cars they were making.
Bill Gates and Tim Cook can afford it. So can Sand Hill Road. Pay the going rate.
If American needs more "venture", invest in American Moms and Dads and they'll do great things.