Yes. This is the key. It is difficult to hire when you are given the two constraints that the person must have high skills, and accept a relatively low wage.
I see it as a matrix with two axes.
Salary: High/Low
Skills and Training: High specific skills/Low skills and require training after being hired
This creates four different quadrants.
1) When companies say they are having difficultly hiring, what they really mean is they are having difficulty hiring someone with specific high skills at a relatively low salary.
2) If the company is willing to pay a much higher salary, then the company will not have a problem finding someone.
3) If the company is willing to hire someone with less skill, and train them on the job, then the company will not have a problem finding someone.
4) If the company does both, pays a relatively high wage, and is willing to take someone with less skill, and train them on the job, then the company will not have a problem finding someone.
I see it as a matrix with two axes.
Salary: High/Low
Skills and Training: High specific skills/Low skills and require training after being hired
This creates four different quadrants.
1) When companies say they are having difficultly hiring, what they really mean is they are having difficulty hiring someone with specific high skills at a relatively low salary.
2) If the company is willing to pay a much higher salary, then the company will not have a problem finding someone.
3) If the company is willing to hire someone with less skill, and train them on the job, then the company will not have a problem finding someone.
4) If the company does both, pays a relatively high wage, and is willing to take someone with less skill, and train them on the job, then the company will not have a problem finding someone.