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There isn’t an open market where the worker can get a clear market value for their salary. The companies hold far more information than each worker. Nuances lik
by throwaway_hey 6y ago
There isn’t an open market where the worker can get a clear market value for their salary. The companies hold far more information than each worker. Nuances like this non-clearing behavior, geographic forces, compensating differentials, and monopsonies make labor economics it’s own field of study.