Invidious comparisons, part II - Megan McArdle
Written by admin on December 24, 2008 – 8:07 am -I’m curious - the executives at Bear or Lehman or Citi had an incentive to hire the cheapest employees they could - why did they pay kids fresh out of Princeton or Yale or Columbia 100k+ to start? Certainly they could have …… Hey, I have an idea, lets have a system where labor prices (wages) are set by supply and demand in a free market for all kinds of labor. Continued here: Invidious comparisons, part II - Megan McArdle Read More →
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