A labor shortage has a temporary effect of creating an upward pressure on the 900 jobs, but there’s a ceiling and the long term effects are complex. I may have to pay 900 jobs 1.5x to attract and retain the talent as a business, but that cost will be eaten by other functions where there’s a surplus. Or long term, the businesses will find ways to either automate or ship the jobs away.

Additionally there will be a loss in productivity for business and the 900 jobs will have more work on their plates, so in a way they could be underpaid for the job they do. This is just scratching the surface, but I assume there’d be a lot of second order effects.