If the demand for software engineers increases slower than does supply, what will the effect on the wages of software engineers be?

Question

Quizplus · Accepted Answer

If the demand for software engineers increases slower than does supply, then the supply of software engineers will exceed the demand, resulting in a surplus. In a surplus market, the employers have a greater bargaining power as there are too many people available to fill the job positions. Therefore, employers will offer lower wages to software engineers, causing a fall in their wages.

If the Demand for Software Engineers Increases Slower Than Does