3 ms·
Anecdote: My dad (finance/accounting guy) lost his job in his 40's and was never able to find another one. Thankfully my mom makes enough for things to work ou
by emit_time 7y ago
Anecdote: My dad (finance/accounting guy) lost his job in his 40's and was never able to find another one.
Thankfully my mom makes enough for things to work out, and they own a piece of rental property, and my dad stashed away a lot of money for retirement while he worked (to the dismay of my mother).
Additionally, the company I work at is half (or more) people hired straight out of college which kinda makes me feel weird. It's a small company that has been around ~15 years or so, and I feel like their hiring practices would lead to their ass getting handed to them in court.
I like the people I work with, but something definitely feels wrong.
- andrewprock 7y agoEmployment is not an efficient market. Transaction costs are very high, bidding is not public, and utility is a non-linear function of more than just compensation.
- bongobongo 7y agoIt’s not a market at all, because participation, realistically speaking, is involuntary for most sellers. It’s closer to a feudal contract than an actual market.
- AtlasBarfed 7y agoI love it. Economists are in total denial about such things. EVERYTHING IS A MARKET RUBBER STAMP. Almost all of the US economy is a monopoly or cartel dominated by 1-3 corporations per segment.
- bongobongo 7y agoYep. Glad that there are at least a few people whose brains haven't been turned to mush by decades of propaganda and inflexible market fundamentalist orthodoxy.