The Supply and Demand of Accountants

If an accountant got paid $10 a year, every business in the world would want to hire accountants. But if they were to earn $1 million a year, almost everybody would want to be an accountant. The same thing can happen here on the demand side though in this equation. A company will see that five accountants with electronic calculators can do as much work as 20 accountants with abacus. This is one of the leading causes of wage stagnation in many wealthy economies today.