wabash

4 ms·

1. 1.▲
   by wabash 14y ago

   But it's a normal assumption on this kind of discussion to deal with employees of the same quality. You can always pay lower and get less.
2. 2.▲
   by wabash 14y ago

   Not only bubble inflation, on a normal job market, people would quit, and the turnover costs would be bad for IBM. But, actually, i do believe IBM was not smart on this one, that 15% cut will result on a productivity shortage way below 15%
3. 3.▲
   by wabash 14y ago

   I think you didn't get his point. You're actually agreeing with him. You're saying that it's quite possible to ignore the notion of a normal job market in the USA. So, it's not sustainable, competitive equilibrium don't exists.