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Great dogma of contract negotiation: Difference between revisions
Great dogma of contract negotiation (view source)
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“[[Low-cost jurisdiction]]” implies that, [[all other things being equal]], the quality of the personnel stays the same: just the unit cost that is cheaper. No-one commissioned any research to prove out that conclusion: it was taken as read. It just isn’t true.<ref>Okay; neither have I. But at least I have anecdotal evidence and the basic rules of supply and demand on my side.</ref> | “[[Low-cost jurisdiction]]” implies that, [[all other things being equal]], the quality of the personnel stays the same: just the unit cost that is cheaper. No-one commissioned any research to prove out that conclusion: it was taken as read. It just isn’t true.<ref>Okay; neither have I. But at least I have anecdotal evidence and the basic rules of supply and demand on my side.</ref> | ||
There is an old truism: you get what you pay for. | There is an old truism: you get what you pay for. {{maxim|If you pay peanuts you get monkeys}}. Arbitrage opportunities do not last long in any buoyant market, as any banker will tell you. | ||
Instead, [[low-cost jurisdiction]]s offered an unlimited supply of young, well-educated and ambitious graduates with boundless energy, a yen to get the hell out of their hometown<ref>And its — well — low incomes, you know?</ref> and seek their fortunes somewhere else — ''anywhere else'' and in any case, no [[subject matter expert]]ise whatsoever. These kids work hard, but ''you only know what you know''. | Instead, [[low-cost jurisdiction]]s offered an unlimited supply of young, well-educated and ambitious graduates with boundless energy, a yen to get the hell out of their hometown<ref>And its — well — low incomes, you know?</ref> and seek their fortunes somewhere else — ''anywhere else'' and in any case, no [[subject matter expert]]ise whatsoever. These kids work hard, but ''you only know what you know''. | ||