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What your employer is willing to pay you is the lowest amount of money for which someone else is willing to do your job. That is actually just a different way o
by Barrin92 5y ago
What your employer is willing to pay you is the lowest amount of money for which someone else is willing to do your job. That is actually just a different way of saying the same thing.
>Your argument is the same as saying my house is worth the lowest amount for which somebody else would sell a somewhat similar house, which simply ain't so.
that is exactly what your house is worth. If your neighbours are selling their homes for 300k good luck demanding a million for yours. That is in fact exactly how any market determines a price for a commodity. If everyone starts selling their shares what do you think happens to the price of yours? If you think your neighbors dumping their homes on the market doesn't determine your property value you're in for a big surprise