Post by arfanho7 on Feb 22, 2024 4:29:55 GMT -5
“WORKERS ON THE MARKET HAVE LOTS OF FEEDBACK ON THEIR PAST JOBS AND CAN ALSO SEE HOW MUCH EXPERIENCE THE EMPLOYER HAS ON THE MARKET” In this case the employer is the shopper and the freelancer has the information advantage—especially when working with a first time employer.
The result The inexperienced employer tends to pay a higher hourly wage than what employers more experienced with the system negotiate. “Workers on the market have lots of feedback on America Cell Phone Number List their past jobs and can also see how much experience the employer has on the market ” says Christopher T. Stanton an assistant professor in the Entrepreneurial Management unit at Harvard Business School. Employers meanwhile are comparatively in the dark creating an “information friction” that the freelancers can exploit. In a March working paper Information Frictions and Observable.
Experience Stanton along with Catherine of Economics does what a shopper could never do at the bazaar—measure the exact difference between the price paid by a first timer and the price paid by an experienced haggler. Stanton and Thomas obtained the complete database on all administrative support jobs between and on freelance platform oDesk which merged with its biggest competitor Elance to become Upwork in.
The result The inexperienced employer tends to pay a higher hourly wage than what employers more experienced with the system negotiate. “Workers on the market have lots of feedback on America Cell Phone Number List their past jobs and can also see how much experience the employer has on the market ” says Christopher T. Stanton an assistant professor in the Entrepreneurial Management unit at Harvard Business School. Employers meanwhile are comparatively in the dark creating an “information friction” that the freelancers can exploit. In a March working paper Information Frictions and Observable.
Experience Stanton along with Catherine of Economics does what a shopper could never do at the bazaar—measure the exact difference between the price paid by a first timer and the price paid by an experienced haggler. Stanton and Thomas obtained the complete database on all administrative support jobs between and on freelance platform oDesk which merged with its biggest competitor Elance to become Upwork in.