IT Hiring: IT Competents Demand Greater Than Supply
In economics, on a supply and demand curves graph (see
figure), on the supply curve, as the price of something
increases, the quantity produced will increase (the price is
thus the independent variable and should be the x axis, but as
I discovered when I,
Dr. Duane Thresher,
took economics while at
MIT,
economists are mathematically rather backward).
On the demand curve, as the quantity of something decreases,
the price increases, i.e. rare things are worth a
lot.
Where the supply and demand curves intersect determines the
equilibrium price and quantity, i.e. what should be the real
case if this economic model is correct (which it usually
isn't; see
Climate
of Incompetence).
If supply can't meet demand, then the thing becomes
essentially priceless.
In August 2021, President Biden, desperate about the many IT
security (cybersecurity) incidents threatening national
security — see for example,
U.S. Surrenders
in IT War, Starts Paying Tribute to Russia — said
"nearly half a million public and private cybersecurity jobs
remain unfilled", i.e. the supply of IT workers can't meet the
demand.
This is due to the described wretched state of IT education
and because employers — government, business, media
— are shortsightedly cheap, given the huge cost
of
data
breaches, and want to pay IT workers more like secretaries
than doctors and lawyers (see
The
Most Important IT Credential: An IT Education). See
also
IT
Hiring: Don't Care / Skimp On What You Don't Know
About.
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