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Amid cries of ‘tech-labor shortage,’ tech wages fall

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The notion of a “shortage” is one that economists are often dubious of. Who’s to determine the appropriate amount of something? When farmers talk of a shortage of farm labor, I think the only way to interpret that is that wages are higher than farmers want to pay. “We’ve got neighbors literally competing against each other just to have enough of a workforce to harvest their crops,” one farm...

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