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Well this demonstrates how economically illiterate people are. What matters is market rate and how well you negotiate. The rest is part of market rate equation
by lukasm 10y ago
Well this demonstrates how economically illiterate people are. What matters is market rate and how well you negotiate. The rest is part of market rate equation or irrerevant.
- fsloth 10y agoThose are not the only variables affecting leverage when negotiating pay. As reference see Hollywood actor paychecks after and before Michael Ovitz and CAA.
- lukasm 10y agoYes they are. He negotiated market rate for the actors.
- fsloth 10y agoOk, if we take this wide view then yes. But "market rate" is not always a very descriptive when discussing pricing in general because there are often time corner cases where the phenomenon that's actually important is not captured by it. I.e. in market situations where the price can be effectively agreed in an oligopoly then the discussion about oligopolists' pricing has a social context as well, and things like "political leverage" are far more important in studying the phenomenon in larger context than just observing the preset "market rate".