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The wonderful thing about the free market is that you don't have to use magical algorithms to determine the "correct" price of things, you just set the price yo
by afafsd 12y ago
The wonderful thing about the free market is that you don't have to use magical algorithms to determine the "correct" price of things, you just set the price you're willing to buy/sell at, see how many takers there are, and then adjust the price upwards/downwards.
If you need to hire twenty people, and you find twenty people willing to do the job for eight bucks an hour, and you can't find twenty people willing to do it for seven bucks fifty an hour, then eight bucks an hour is the correct price. It's not that tricky.