Or 3) we are talking about real markets instead of spherical frictionless cows. The market will eventually balance itself, but it doesn't happen immediately.
Consider yourself (and your family, if you have any). Assuming that the pay is right, how long would it take for you to uproot your life and move to a faraway place where you don't know anyone. And how long would it take for you to familiarize yourself with the new job and become reasonably productive?
'Traditionally, semiconductor technician jobs required an associate degree. Dropping this educational requirement helps widen the talent pool amid the ramping up of a domestic supply chain, Pearson said. Employers are realizing that “as long as they just get the skills, they really don’t need the degree,” he said.'
I didn't mean temporary assignments. I meant a permanent relocation and everything that it involves. Leaving your former life permanently and building a new life in another place. And dealing with this not only for yourself, but also for your spouse, children, other family members, friends, and pets.
And once you start in your new job, you still need to familiarize yourself with it until your productivity reaches what was expected from you. After all, the goal is not just employing someone but getting them to make substantial net contributions towards the organization's goals.
Consider yourself (and your family, if you have any). Assuming that the pay is right, how long would it take for you to uproot your life and move to a faraway place where you don't know anyone. And how long would it take for you to familiarize yourself with the new job and become reasonably productive?
My answer would be 1-2 years.