411 sats \ 0 replies \ @elvismercury OP 17 Nov 2023 \ parent \ on: _Broken Money_ book club, part 4 bitcoin
The loss aversion is super primal, so if wages stopped being sticky it would be against the countervailing force of that. But this:
I'd guess gig work is less rigid in wages than more traditional jobs. If that's true and we imagine all future jobs will be gigs, maybe wage stickiness isn't as much of a problem.
That's super interesting! You can imagine there being a force in the direction of shorter and shorter term contracts, to deal with this issue. But [yet another] countervailing force of the transaction costs inherent in having to train a new person on your thing.
Man, Coase keeps coming up today.
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