Is it? I'm not sure the world would be a better place if you were, say, negotiating for your job every morning that you come into work for, or if your apartment would get reassigned to the highest bidder that's willing to pay for it today.
Stability is often far more valuable than perfectly optimizing some supply-demand curve. The advantages of stability are why corporations form, why multi-year contracts are signed, and why unions exist.
Is it? I'm not sure the world would be a better place if you were, say, negotiating for your job every morning that you come into work for, or if your apartment would get reassigned to the highest bidder that's willing to pay for it today.
Stability is often far more valuable than perfectly optimizing some supply-demand curve. The advantages of stability are why corporations form, why multi-year contracts are signed, and why unions exist.