4 ms·
If discrimination exists doesn't that imply someone can arb the situation by, in this case, hiring all the smart older workers for more than what others are pay
by startupdiscuss 10y ago
If discrimination exists doesn't that imply someone can arb the situation by, in this case, hiring all the smart older workers for more than what others are paying and still get a good deal?
- my_first_acct 10y agoAs Keynes (or someone else [1]) said in a somewhat different context, "The market can remain irrational longer than you can remain solvent." [1] http://quoteinvestigator.com/2011/08/09/remain-solvent/ http://quoteinvestigator.com/2011/08/09/remain-solvent/
- pandaman 10y agoIn arbitrage you make money from the market being irrational so remaining solvent could not be a concern for somebody doing it. It's for the market being arbitraged to become rational or become insolvent.