Monday, September 16, 2019

Netflix the Problem


You can’t quantify value. Pricing and trade are the closest we can get. Price isn’t value. Price is simply a clearing mechanism. A Trader takes how much there is of something (Supply) and the Price goes up until the something is no longer wanted (Demand). Along that path, the price is never “correct”. It feels too much for some, and a deal for others. Compared to whatever else is available in their world, and what their priorities are. Salaries are a price. They are the price of labour. The value of labour is even harder to figure out, and there isn’t a great market (Like houses, which swap infrequently… we change jobs as seldom as we can). A salary Netflixes the problem. It is an all you can eat buffet for your “full-time”. Companies pay a subscription and you pitch up every day. They may pay bonuses and other measures to incentivise you, but this still isn’t value. You, determine value. For you. It is up to you to be aware of what is available in your world, and what your priorities are.



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