Helping job market work is labeled immoral - Deutsche Welle
Next week in principles class we will be learning that the competitive market equilibrium is efficient.
Helping markets reach equilibrium therefore is a good thing. And anyone who does such a thing should feel good about himself. This guy does:
Internet auctions help markets work. e-Bay is a good thing. So is jobdumping.de.
Next week in principles class we will be learning that the competitive market equilibrium is efficient.
Helping markets reach equilibrium therefore is a good thing. And anyone who does such a thing should feel good about himself. This guy does:
It sounds a bit callous coming from someone currently studying social work at a Catholic technical college in Münster. But Löw said he has no moral qualms. All the users on jobdumping.de are obligated to abide by current tax, labor and insurance laws. "We don't exploit our members or the unemployment situation," he told Die Welt. "Everyone can decide freely when and where, and above all, for how much he or she wants to work. But only when wages fall can companies, households, entrepreneurs and freelancers create work again. That's the core of our premise."Not everyone gets it:
Still, some German labor market experts have had harsh words for the Internet site. Dirk Niebel of the Liberal Democratic party even went so far as to call the premise "immoral" in an interview printed in the Berliner Zeitung on Tuesday. "I find it strange," he said. "It smacks of a slave market. Anyone willing to work like this can't be especially motivated, and how should they be? Quality work under such circumstances is impossible."Strange, perhaps. But immoral? No. And how especially motivated would they be if they were willing to work, but couldn't find it?
Internet auctions help markets work. e-Bay is a good thing. So is jobdumping.de.
1 Comments:
1) What is not unambiguously clear is if bidders know the previous bid.
2) Even if they do, I suspect jobdumping.de would probably work better if the winning bidder was paid the wage bid by the next lowest bid. That would reduce the risk of a winner's curse, leading bidders to bid more aggressively. Also, the winning bidder would probably feel a little better about their win. They have the job, at a slightly better than reservation wage.
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