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That is generally how it works though. The buyer wants to pay as little as possible and seller wants the maximum. That works in most circumstances. In the case
by jacobr1 3y ago
That is generally how it works though. The buyer wants to pay as little as possible and seller wants the maximum. That works in most circumstances.
In the case hiring, in a tight labor market, there are more open roles than people, so the companies that want a particular hire, or value experience in that role, need to pay more to secure the candidate. And those that don't, end up with roles that aren't filled. In a market with more labor, then the firm has its pick of candidates, and can make lower offers, secure in the fact it probably will get a bite from a candidate with fewer options.
It works that way with oil, or hog futures, or my corner bodega's sandwich prices.