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A comment on Tell HN: IBM and SAP are cutting thousands of jobs. Parent comment

Re:Tell HN: IBM and SAP are cutting thousands of jobs by bobkazamakis on Thursday January 26, 2023 @02:38PM (#34537562)
>It is normal because most labor sellers are not able or willing to sell their labor at a higher price to a different buyer.

In order to sell at a high price, someone else must be buying...

This market maker analogy really isn't a win.

[ Parent | on HN ]
Re:Tell HN: IBM and SAP are cutting thousands of jobs by lotsofpulp on Thursday January 26, 2023 @02:49PM (#34537727)
That is covered under “are not able to sell”.

And it is not a market maker analogy, it has nothing to do with market making.

The point is, the buyer dictating price is “normal” because sellers often are not in a position to turn down the offer, whether it be due to them not having an option or not being willing to take a risk.

[ Parent | on HN ]