4 ms·
If the "willing to work for $X" was based on flawed or incomplete information, and X would be higher if more complete information was accessible, then yes, I wo
by hx87 10y ago
If the "willing to work for $X" was based on flawed or incomplete information, and X would be higher if more complete information was accessible, then yes, I would say they should crash and burn. OTOH, if two people with access to the same information were willing to work for different salaries, that would be fine. IMO, information asymmetry that is enforced and not the result of research costs is a form of rent-seeking and should be abolished.