Charles Morgan
Vice President, Sales
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Gravity Systems Inc
Economics of IT Workforce Ecosystems
From an economist perspective, the scarcity principle has surfaced in the IT industry and has greatly impacted the equilibrium between demand and supply of skilled IT workers. Prevalent today is the connection between scarce labor and the behavioral tendencies of workers. I'll discuss labor scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to the IT industry. Moreover, how the current IT industry discrepancy between the demand for skilled workers and the scarcity of supply affects IT workforce ecosystems.