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Pastimes : Austrian Economics, a lens on everyday reality
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To: gpowell who wrote (218)5/7/2003 6:12:02 PM
From: Don Lloyd   of 445
 
gpowell,

I'm going to break up my response to different parts of your post into separate posts as there are multiple considerations involved that it will be easier for me to deal with separately and sequentially.

There is nothing in your post with which I disagree in general, but the sub-context with which I am dealing is more restrictive. --- more later ---

It is becoming apparent that you feel the employer is wrong to pay a higher wage for the candidate of their choice.

If I left that impression, I was not sufficiently clear.

For the purposes of argument, my assumption is that all the employers are both paying for and receiving what it is that they want. Also, subject to circumstances, including uncertainty, they are neither paying more nor less than necessary.

Regards, Don
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