4 ms·
"market for lemons" is a great term, just in case people aren't aware of it. I was introduced to it by this good piece on Medium: https://medium.com/@thogge/on
by rgoulter 8y ago
"market for lemons" is a great term, just in case people aren't aware of it.
I was introduced to it by this good piece on Medium:
https://medium.com/@thogge/one-mental-model-to-rule-them-all-6cf1ec9e6889 https://medium.com/@thogge/one-mental-model-to-rule-them-all...
(I'd appreciate if anyone posted links they like better).
I'm not sure I understand it applying in this case. Bad candidates are always looking for a job, but good candidates rarely need to look for a job. (So, job applicants are largely lemons). Good companies have lower turnover, so rarely need the positions filled?
- plasticchris 8y agoI think it dates back to Joel, here's another good take on it: https://danluu.com/hiring-lemons/ https://danluu.com/hiring-lemons/
- otras 8y agoFrom the article you linked, it looks like the term dates to George Akerlof's paper, The Market for "Lemons": Quality Uncertainty and the Market Mechanism (Nobel prize winning 1970 paper). https://en.wikipedia.org/wiki/The_Market_for_Lemons https://en.wikipedia.org/wiki/The_Market_for_Lemons
- plasticchris 8y agoThe term does, but not it's application to software hiring...
- otras 8y agoI misread your pronoun. Thanks for clarifying!
- rgoulter 8y agoAh. Dan Luu disagrees with Joel's "great devs are never on the market" (based on his experience). The article is great. Although, I'm not sure how useful the advice of "Hiring great employees is easy. Want better employees? Pay more" is. -- I'm also curious about what the "can't find a good team?" part would be (other than "don't ask for such a high salary").