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My example is about supply and demand, in particular if you are willing to pay a higher price than the supplier asks. Fungible or not doesn't matter at all, the

by wsy 8y ago

My example is about supply and demand, in particular if you are willing to pay a higher price than the supplier asks. Fungible or not doesn't matter at all, the only relevant factor for the discussion is the difference in price you are willing to pay and the supplier is asking. Indeed, all business relationships are about trust. But they also are about business. I know of no other business relationship where the supplier expects that the consumer will pay him fairly. So what is so special about an employment contract, compared to all other businesses?

virgilp 8y ago
> So what is so special about an employment contract, compared to all other businesses? Oh, this is really easy to answer. For example, the fact that purchaser dictates the price, not supplier - to such an extent, that purchaser voluntarily and periodically decides to start paying more, without explicit intervention from supplier. Oh, and also decides to reward supplier with bonus payments when receiving good-quality merchandise. But it's not about that - if you think about it, it's probably related to the expectation of exclusivity. Is there any business that is expected to exclusively supply to only one customer? If so, I'd suspect they'd be very concerned about that consumer paying them fairly.