[benreesman]

L8 is a bit of a guess. I was an L7 five years ago and have been training hard since. Maybe I’m still a 7.

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”.