Comment by cameldrv

The best part about the auction model is that you could have it monthly, and then the winning bid would be fairly well known in advance. Say it's 80k for a software developer, you know that you need to pay the guy 81k or don't bother. This also massively reduces the power of the wipros of the world that employ thousands of people and apply for all of them every year, filling up the quota for people that don't already work for an outsourcing company.