Hacker News new | ask | show | jobs
by 394549 2839 days ago
> Surely if its terrible and no one will work there they will have to improve or pay more? Or am i misunderstanding basic economics?

Your mistake was assuming that this is something that could be understood solely with "basic economics."

"Basic economics" is a horribly limited intellectual tool-set that will mislead you if you rely on it too heavily.

1 comments

I wouldn't give too much credit to the advanced economics tool set either given the welter of failed predictions made from on high over the years.