3 ms·
> That's an auction, not a market. Markets are two sided, there are differentiated (multidimensional) offers and bids that are seeking to get matched. Much more
by airstrike 3y ago
> That's an auction, not a market. Markets are two sided, there are differentiated (multidimensional) offers and bids that are seeking to get matched. Much more complex
None of that necessarily invalidates the point that people are paid the minimum amount possible for a given pool of labor supply