Re:GitLab Made $10.5M in Revenue with Every Employee Working...
by randomdata on Tuesday November 13, 2018 @11:54PM
(#18447605)
> By this reasoning, you'd expect to find the most "valuable" baseball players in areas devoid of professional baseball teams.
Why? Scarcity is dependent on demand. Something that absolutely nobody wants will never be scarce, even if the quantities of said thing are small in absolute numbers.
If there is no professional baseball team, presumably nobody needs a professional baseball player, and thus professional baseball players won't be scarce at all, but rather infinitely abundant and pay will reflect that by trending towards zero.
Why? Scarcity is dependent on demand. Something that absolutely nobody wants will never be scarce, even if the quantities of said thing are small in absolute numbers.
If there is no professional baseball team, presumably nobody needs a professional baseball player, and thus professional baseball players won't be scarce at all, but rather infinitely abundant and pay will reflect that by trending towards zero.