Stories scattered in several PRIVATE PROJECTS.
Skills do not come at a price.
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PM skills are difficult to assess quantitatively, so the price is not just against the skill, but is heavily influenced by the buyerâs ability to pay.
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I have a feeling that engineers will also be at the market rate of âmany othersâ if they are perceived by the buyer as âskills interchangeable with many othersâ, and if they are perceived as âirreplaceable talentâ, it will be individually negotiated and determined by the buyerâs ability to pay.
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Itâs hard enough to negotiate bullishly, so weâll settle for an appropriate place, but it feels like this is always there in the background.
- marketable skills are weak skills.
What kind of logic was used to generate the money? - unit price - There are strict tax and audit rules on the part of the companies, and they donât have much choice in the form of contracts. - So Iâm just picking the ones I think I can use at random, not the ones that have any intrinsic meaning.
- Ability has no market value.
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Capability is not marketable.
Appropriate billing is not proportional to the time spent.
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Depends on what the other person values.
Itâs the same thing, and the âmodelâ that âthe unit price is determined based on skill, and the actual hours worked multiplied by the unit price determines the amount billedâ is used simply because itâs a well-known and easy to use existing contract format. - All models are wrong.
Reduction of explanation cost, negotiation cost, [contract cost
If humans communicate ideally, they should be paid by the value they create after the fact, and they can correctly predict the range of that payment in prior conversations.
- In reality, it doesnât work because of customers who donât pay for the value they receive, or workers who donât communicate well what they want done and submit something of no value.
- Unfortunate miscommunication, âI couldnât get what I wanted done because I didnât communicate what I wanted done well,â and both parties get into trouble because they think the other party is at fault. w
- I donât agree with paying for something I didnât get what I wanted, and I donât agree with not getting payment for making what I was told to make.
Fundamentally, the market mechanism does not properly value supermodular production.
- Better means of evaluation may be developed in the future, but I guess each individual will have to figure out how to live with it until then.
- Everyoneâs situation and the weapons they can use are different.
- I donât know if the strategies Iâve used over the last quarter century will be useful over the next quarter century.
- And itâs not something you can copy if you hear it because itâs situational.
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