From: Lee Corbin (lcorbin@tsoft.com)
Date: Sat Aug 09 2003 - 23:19:31 MDT
Damien writes
> At 03:53 PM 8/9/03 -0700, Lee wrote:
>
> >It would mean [that] fewer people
> >would get fired. Like in 1830, the boss might come in
> >one day and say, "You are not working out. Either leave
> >or take a $15 per hour pay cut." Presumably the boss
> >also goes over to the next worker and says, "you *are*
> >working out here, I don't want to lose you, here is a
> >$10 pay hike".
>
> HAHAHAHAHA! You slay me, Lee.
Very funny? Then explain what's wrong with the model
(it does work in Silicon Valley). I claim it works
everywhere that there is neither an oversupply of
labor nor capital (i.e. equilibrium has been reached).
Historically, there indeed has often been an oversupply
of labor and an undersupply of entrepreneurs---and whose
fault is that?
Perhaps we call workers in short supply "consultants".
What is the essential difference?
Lee
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