> This needs to be protected by applicants valuing their time.
To me, this reads as "This needs to be protected by applicants changing their utility function." Applicants do value their time. Everyone values their time. They just value it differently.
Your claim basically hinges on your belief that some aspects of utility are objective. The essential point of your argument then, as I understand it, is that you want job applicants to correct their utility functions according to that objective evaluation, to help out the rest of us whose utility functions are already 'correct'.
This would actually be pretty cool, but the trouble is that you really are not going to have much luck trying to convince everyone else to agree with your utility estimates, even if they do strike you as objective. I think I would probably agree with many of them, personally, but they cannot be made normative.
At the end of the day I agree that you are probably worrying about nothing. I'm not going to claim that the market does an excellent job of setting salaries. There are a lot of irrational agents at play in that market, and the results are skewed accordingly. That said, I think this particular brand of irrationality is highly unlikely to be a driving force.
To me, this reads as "This needs to be protected by applicants changing their utility function." Applicants do value their time. Everyone values their time. They just value it differently.
Your claim basically hinges on your belief that some aspects of utility are objective. The essential point of your argument then, as I understand it, is that you want job applicants to correct their utility functions according to that objective evaluation, to help out the rest of us whose utility functions are already 'correct'.
This would actually be pretty cool, but the trouble is that you really are not going to have much luck trying to convince everyone else to agree with your utility estimates, even if they do strike you as objective. I think I would probably agree with many of them, personally, but they cannot be made normative.
At the end of the day I agree that you are probably worrying about nothing. I'm not going to claim that the market does an excellent job of setting salaries. There are a lot of irrational agents at play in that market, and the results are skewed accordingly. That said, I think this particular brand of irrationality is highly unlikely to be a driving force.