4 ms·
> But this won't last forever. I feel like this quote is relevant, if slightly off topic: "The market can stay irrational longer than you can remain solvent."
by falcolas 5y ago
> But this won't last forever.
I feel like this quote is relevant, if slightly off topic:
"The market can stay irrational longer than you can remain solvent."
i.e. You may run out of good candidates long before your competitors stop offering 20% more than you.
- SuoDuanDao 5y agoPlenty of companies are offering 20% more for new hires but aren't willing to bump the pay of their entire workforce by 20% at once, especially since much of the workforce might not be looking. They still may lose their best workers, but they can ramp up to the new budget more gradually.
- ljm 5y agoGive it long enough and something irrational will just become rational. Especially when people have only ever experienced the irrational.