On: The anatomy of the perfect technical interview fro...

[saraid216]

Paid more than one standard deviation higher than average for that level of competency, scarcity, and bargaining power.

[michaelt → saraid216]

If you could have hired someone equally competent for less money, why didn't you?

If you couldn't find such a person, the person you hired is hardly overpaid.

[walshemj → michaelt]

Quite thats the point I was making there is no God given "correct wage" just the market unless saraid216 thinks we should move to a fully communist model where the state says what job you get and how much you get paid?

[saraid216 → walshemj]

No, no. The fully communist model is where you have listings of every single worker in existence and choose your hires based on that so that you have an accurate estimate of scarcity.

[humanrebar → saraid216]

What are the levels of competency, scarcity, and bargaining power? How do you place a particular candidate in her appropriate levels?