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Comment by empalms

Those examples seem somewhat contrived. The exchange is not that of physical depreciating assets or even consumable goods. A worker is not giving a coupon to a company for a one time purchase but forming an ongoing contract for knowledge services which can be performed from anywhere to (arguably) similar levels of proficiency.

Whether you believe WFH is equal in value to on-site is another matter. Google apparently does not hold this view.

Regardless, in those cases I’d still expect a competitive market to reach some price convergence, holding all other factors constant — especially when the seller knows that a buyers willingness to pay == $x and != $x-d for the same utility (say, from already getting paid $x repeatedly for the same work). If I am mistaken I’d definitely welcome the chance to adjust those expectations.

parent empalms 4 years ago

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