Market price connotes a two sided equilibrium, and in this case the point seemed to me to suggest the possibility of irrationality. It’s the same point being ma

Market price connotes a two sided equilibrium, and in this case the point seemed to me to suggest the possibility of irrationality. It’s the same point being made in more plainly biased cases where equal pay for equal work is brought up. Sometimes a market price disparity for a group is driven by nothing but social expectations. Consider that the causal arrow might more strongly point the other direction on wages vs cost of living.