> The labor analogy for me is "there's no labor shortage that salary can't solve".
Assuming the labor you need is fungible.
For a sandwich shop, raising pay will probably solve a labor shortage. But even salaries of $10,000,000 a year won't produce more surgeons. It might inspire more people to get into the pipeline, but that's a 10-15 year lag.
It will solve the shortage by allocating labor to the most economically valuable uses.
If you can't find developers at the price you can afford to pay, then make do with fewer devs, raise your prices or go out of business. The market doesn't owe it to you to make your business model profitable.
There might be a 10 year lag creating more surgeons from scratch, but you'll have existing surgeons suddenly working for your company today.
Your 10-15 year lag assumes untrained workers. You'll have a stream of people transitioning from other medical professions or surgical specialisations to your $10mm job category, many of whom require much less than 10 years of additional training (1-2 years? on the job?).
Assuming the labor you need is fungible.
For a sandwich shop, raising pay will probably solve a labor shortage. But even salaries of $10,000,000 a year won't produce more surgeons. It might inspire more people to get into the pipeline, but that's a 10-15 year lag.