No I am happy to call folks a fucktard - I am sure you can draw the nice 0-Level economics graph of supply and demand like any fucktard. What you seem too stubborn to concede is that it never has been nor never will be the biggest influence on sustainable wage increases - which are driven by growth… Supply and demand is reactive in that it does not equal ‘SUSTAINABLE’ - but is relative to other factors
eg. If you need 10 people with no skills and you have 30 to chose from, then yes you can almost do a reverse auction and take the first 10 to agree to work for the lowest wage (above or below any minimum wage) - that is your current position, yes
So if there are only 10 and you need 10 and they refuse to work for what you are offering, then that forces employer to put wages up - your current explanation, yes?
Now that is SUPPLY and DEMAND… but what you have FAILED to continually grasp, and why I have had to call you up for being a fucktard is that this is NOT the only impact factor on SUSTAINABLE wage increases… I really do not understand why you dont see this?
How much is paid, or should I say how much is affordable is a delicate economic balance… you can pay more because of low supply, but you risk being less competitive or you need to employer FEWER people. This in simple terms is not good… I am sure you would agree. Because what happens then is with less employed people… (you still with me?) you have less ‘DEMAND’ for your goods and services as less folks in employment who can afford them… or your own cost increases drive up prices of your goods and services and thus 'demand ’ decreases, either way you risk being less productive, the economy suffers with less workers paying in to the HMRC and less services available for those no longer working in the shitty low paid jobs… this is a very simplistic model but I feel i need to keep it that way for you… There are a ton of big weighty economics texts by various nobel prize winners who explain a lot of these more complex models, but they are really not necessary to grasp what is a simple concept…
Now, you can argue all you like about the meaning of supply and demand… but as indicated its not the only game in town.
SUSTAINABLE wage growth across a WHOLE population is ONLY achieved through economic growth. This is best achieved through up-skilling the labour force to be better at their jobs, better than the competition, more efficient and productive with education and experience … YNOt just be removing a ton of polish plumbers or Bulgarian waiters from teh workforce…YES the growth in the economy does indeed create more DEMAND for these skills and thus supply laws will impact on ENTRY wages, which can fall again if demand reduces or supply is increased, but does not impact on wages of those contracted and with higher skills - the skills that drive growth.
I will happily concede that you do appear to know what a simple definition of supply and demand is… but that you deliberately fail to grasp that this not the main driver or SUSTAINABLE wage growth