What does “value” mean if it’s not what’s determined by demand?
In the employment market, demand is whatever someone is willing to pay for, howver mistaken they are about what they are getting for their money.
People who are consistently mistaken about what they are getting for their money tend to lose over time if not their willingness then their ability to pay.
What does “value” mean if it’s not what’s determined by demand?
In the employment market, demand is whatever someone is willing to pay for, howver mistaken they are about what they are getting for their money.
People who are consistently mistaken about what they are getting for their money tend to lose over time if not their willingness then their ability to pay.