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by bluecheese452
1050 days ago
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They were hired as a level 5 over a decade ago. They got promoted a bunch until they were level 8. At some point they left. Now they are trying to come back. The market is so bad that they have lowered their standards and are only applying for level 6 roles. Still a bunch of other level 8s are competing for that lower level job so the chance of them getting it is lower. The bond market/interest rate comment is saying this is part of why the economy is bad. Price discovery I am not that confident in the meaning. I think it means companies and candidates are having a hard time figuring out what each other are worth. So you have highly skilled people not getting the offer numbers they want because their skills are not being recognized. |
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I think you and I are thinking similarly about price discovery. Markets get disrupted, it’s not unprecedented or anything, but in general there’s some price between zero and infinity that a person can make, and seeing that go from X to “no transaction” abruptly is less ideal than it going from X to X - Y because supply and/or demand changed.
Well behaved pricing curves are existential in a bunch of really key markets, to the point that institutions preserve those properties.
Whether one is a tech worker or a struc steel pro or a teacher, anything, it seems a weird exception to “we need differentiable pricing curves here”.