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I am talking about the widespread fiction that markets are efficient and rational, despite overwhelming evidence that they are in fact rigged in favor of partic

by CPLX 1y ago

I am talking about the widespread fiction that markets are efficient and rational, despite overwhelming evidence that they are in fact rigged in favor of participants with market power.

crazygringo 1y ago
Google doesn't have market power in the market of this particular set of jobs. Many companies are competing for people with these skills, including for the exact same type of work, and there's zero evidence of any kind of collusion going on. You're going to have to be specific about what rigging you think is happening. This isn't anything like when Apple, Google, Adobe, etc. were colluding not to poach each other's engineers in 2005-2009 [1]. Job markets like aren't perfect-perfect, but they're mostly decently efficient and rational, as far as supply and demand and pricing goes, with just everyday normal friction. [1] https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...
- CPLX 1y ago
  My argument is the burden of proof goes the other way at this point.
  - crazygringo 1y ago
    Good luck trying to convince anyone, then. That's an extreme ideological position, not a reasonable evidence-based one.
    - CPLX 1y ago
      The ideological approach is to hand wave and cite market fundamentalism when confronted with a real world allegation. The evidence based approach is to look at the credibility and history of the accused party.
      - crazygringo 1y ago
        Emphatically no. The evidence-based approach is to look at current evidence, and you've provided zero. Past credibility/history is irrelevant. Just because someone went to jail 20 years ago for a theft in a town, we don't throw them back in jail every time there's a new theft, and then demand they prove they are innocent. But that's what you seem to be asking for. However, that is wrong and unjust.
        CPLX 1y ago
        What makes you think there isn’t any evidence? What do you think “evidence” actually is? The article contains numerous first person accounts with quotes from named people talking about working conditions they experienced, complaining that they are overworked and underpaid. The post I am responding to is by someone who has no direct experience whatsoever citing a broad ideological concept as evidence that it isn’t happening because, in general, they believe the situation being described is impossible.

by CPLX 1y ago

I am talking about the widespread fiction that markets are efficient and rational, despite overwhelming evidence that they are in fact rigged in favor of participants with market power.

crazygringo 1y ago

Google doesn't have market power in the market of this particular set of jobs. Many companies are competing for people with these skills, including for the exact same type of work, and there's zero evidence of any kind of collusion going on. You're going to have to be specific about what rigging you think is happening. This isn't anything like when Apple, Google, Adobe, etc. were colluding not to poach each other's engineers in 2005-2009 [1]. Job markets like aren't perfect-perfect, but they're mostly decently efficient and rational, as far as supply and demand and pricing goes, with just everyday normal friction. [1] https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...

CPLX 1y ago
My argument is the burden of proof goes the other way at this point.
- crazygringo 1y ago
  Good luck trying to convince anyone, then. That's an extreme ideological position, not a reasonable evidence-based one.
  - CPLX 1y ago
    The ideological approach is to hand wave and cite market fundamentalism when confronted with a real world allegation. The evidence based approach is to look at the credibility and history of the accused party.
    - crazygringo 1y ago
      Emphatically no. The evidence-based approach is to look at current evidence, and you've provided zero. Past credibility/history is irrelevant. Just because someone went to jail 20 years ago for a theft in a town, we don't throw them back in jail every time there's a new theft, and then demand they prove they are innocent. But that's what you seem to be asking for. However, that is wrong and unjust.
      - CPLX 1y ago
        What makes you think there isn’t any evidence? What do you think “evidence” actually is? The article contains numerous first person accounts with quotes from named people talking about working conditions they experienced, complaining that they are overworked and underpaid. The post I am responding to is by someone who has no direct experience whatsoever citing a broad ideological concept as evidence that it isn’t happening because, in general, they believe the situation being described is impossible.