Show Notes
That's likely. In a market economy, the level of wage also reflects the supply-demand relationship. If a job is in high demand whereas not many people are willing to or able to undertake it, then the salary goes up, and vice versa. The current trend is that our universities and colleges are recruiting more and more students aiming at becoming future white collars, regardless of the fact that there are excessive white collars and insufficient blue collars now. This will exacerbate the situation.