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The initial value could be measured this way. Market price discovery. Without external influences (collusion, etc.) the market will generally define price ban
by hpcjoe 5y ago
The initial value could be measured this way. Market price discovery. Without external influences (collusion, etc.) the market will generally define price bands. The stock market is an example of this (to a degree). The job market is also an example of this.
Over time, employees show their value or not. The higher value employees should be appropriately compensated for what they deliver, e.g. more market price discovery, but for rarer assets.
The danger of transparency is that you will discover the presumed market value difference, without seeing reasoning behind those differences. Which, honestly, will result in many angry people.