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> You’re assuming it’s just about pay That's how markets work. Pay is information that everyone participating can use to make judgements. > Lots of loyalty i

> You’re assuming it’s just about pay That's how markets work. Pay is information that everyone participating can use to make judgements. > Lots of loyalty in many cases That's a non tangible item and it means people are finding excuses to avoid participating in the market. > they will find something to do and that may be at a competitor. Your goal is to have lots of "somethings" being done. That's how your economy grows and new opportunities are created.

klelatti 2y ago
So the labour market only operates correctly if people opt for the highest paid job and do the most work? Hard disagree from me then.
- deleted 2y ago
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c0balt 2y ago
> That's a non tangible item and it means people are finding excuses to avoid participating in the market. > Your goal is to have lots of "somethings" being done. That's how your economy grows and new opportunities are created. That's quite a slanted view of how people participate in a real labour market. Pay is the easy to quantify stuff but most humans tend to have more than just pay as a priority, among others: - time required for work (vs time spent on private endeavours, family, friends, ...). A Family and/or a healthy social life is a goal for most people. - location (you might prefer to live in certain places due to culture or QoL) - company culture (ideally, you might like how and with whom you work)
rowanG077 2y ago
That's precisely not how markets work. A TON of people work not at the highest paying job but at the job they feel most comfortable. That can include a myriad of reasons: - Job is more fun - Flexible working hours - More fitting location - Allow WFH - More vacation days - Gym/food/something available - Ability to learn from colleagues. etc etc. If the world were as you describe the job market would be a feeding frenzy where everyone is aiming for the top job by salary.
- nox101 2y ago
  those are all great reasons and I agree with them all. Just to add one more data point, myself, I've never looked at switching jobs based on pay. I pretty much always just took the job that was offered. I'd eventually quit for random reasons (upset with the boss 3 times, company down sized twice, left to do my own thing twice, other...). I never sat there at work thinking "hmmm, I wonder if there is a higher paying job somewhere". That might be me just being stupid but since I can't see into the minds of anyone else I kind of assume it's same for lots of people.

klelatti 2y ago

So the labour market only operates correctly if people opt for the highest paid job and do the most work? Hard disagree from me then.

deleted 2y ago
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c0balt 2y ago

> That's a non tangible item and it means people are finding excuses to avoid participating in the market. > Your goal is to have lots of "somethings" being done. That's how your economy grows and new opportunities are created. That's quite a slanted view of how people participate in a real labour market. Pay is the easy to quantify stuff but most humans tend to have more than just pay as a priority, among others: - time required for work (vs time spent on private endeavours, family, friends, ...). A Family and/or a healthy social life is a goal for most people. - location (you might prefer to live in certain places due to culture or QoL) - company culture (ideally, you might like how and with whom you work)

rowanG077 2y ago

That's precisely not how markets work. A TON of people work not at the highest paying job but at the job they feel most comfortable. That can include a myriad of reasons: - Job is more fun - Flexible working hours - More fitting location - Allow WFH - More vacation days - Gym/food/something available - Ability to learn from colleagues. etc etc. If the world were as you describe the job market would be a feeding frenzy where everyone is aiming for the top job by salary.

nox101 2y ago
those are all great reasons and I agree with them all. Just to add one more data point, myself, I've never looked at switching jobs based on pay. I pretty much always just took the job that was offered. I'd eventually quit for random reasons (upset with the boss 3 times, company down sized twice, left to do my own thing twice, other...). I never sat there at work thinking "hmmm, I wonder if there is a higher paying job somewhere". That might be me just being stupid but since I can't see into the minds of anyone else I kind of assume it's same for lots of people.