[P2P-F] As Barriers to Entry are Lowered, Wages will be Destroyed

Sat Mar 19 18:25:23 CET 2011

On Sat, Mar 19, 2011 at 6:50 AM, Patrick Anderson <agnucius at gmail.com> wrote:
> As the overhead to participate is reduced,
> the number of potential workers is increased.
>
> As capital-outlay approaches zero, all peers
> will have the chance to reverse-bid for any
> job for which they have skills.
>
> This will cause wages to fall to the minimum
> since there will then be nothing to stop
> consumers from hiring the lowest bidder.
>
> Is this an expected result?
>
> What can we do to solve this dilemma?
>\

Where it becomes a problem we stop charging money for things and come
up with a different exchange mechanism.

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