undefined | Better HN

0 pointsmikeash6y ago0 comments

Indeed. And as the rate grows higher, there’s ever more incentive to defect from the scheme. This should be a case study taught in Economics 101, it’s so pure and clear!

0 comments

kevin_b_er6y ago

Well, yes. It will settle at the rate they're actually willing to be paid, not the one their "employer" is setting for them.

j / k navigate · click thread line to collapse

0 pointsmikeash6y ago0 comments

Indeed. And as the rate grows higher, there’s ever more incentive to defect from the scheme. This should be a case study taught in Economics 101, it’s so pure and clear!

0 comments

kevin_b_er6y ago

Well, yes. It will settle at the rate they're actually willing to be paid, not the one their "employer" is setting for them.

j / k navigate · click thread line to collapse