Comments on: The OC in LP again http://www.nicholls.edu/bastiatsbastions/2007/02/23/the-oc-in-lp-again/ What is seen and what is unseen. Mon, 23 Jan 2012 16:26:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve W http://www.nicholls.edu/bastiatsbastions/2007/02/23/the-oc-in-lp-again/comment-page-1/#comment-1374 Steve W Thu, 01 Mar 2007 13:11:55 +0000 http://www.nicholls.edu/bastiatsbastions/2007/02/23/the-oc-in-lp-again/#comment-1374 Setting a "call order" vastly below marketplace norms usually results in: 1). The order not being filled 2). Having to accept Damaged Goods as "good enough for the price" 3). Possibly ending up with unproven goods (accepting greatly increased risk in exchange for the below market exchange.) 4). Goods from an outsourced location with unharmonized cost structures (and again with higher risks & more hidden costs). Or a combination. If market for the level of quality the Parish needs is over $100,000 and they are offering only $50,000 they either expect to catch a failed engineer (one who maybe is uninsurable in the private marketplace) with an idea of reabilitating them, or they just want to tell their voters that they tried (not expecting to actually fill the position). Or perhaps they have an outsourcing goal once the position is unfilled for a politically correct period of time? Steve W Setting a “call order” vastly below marketplace norms usually results in:

1). The order not being filled
2). Having to accept Damaged Goods as “good enough for the price”
3). Possibly ending up with unproven goods (accepting greatly increased risk in exchange for the below market exchange.)
4). Goods from an outsourced location with unharmonized cost structures (and again with higher risks & more hidden costs).

Or a combination.

If market for the level of quality the Parish needs is over $100,000 and they are offering only $50,000 they either expect to catch a failed engineer (one who maybe is uninsurable in the private marketplace) with an idea of reabilitating them, or they just want to tell their voters that they tried (not expecting to actually fill the position). Or perhaps they have an outsourcing goal once the position is unfilled for a politically correct period of time?

Steve W

]]> By: Bryan Samaha econ 255 http://www.nicholls.edu/bastiatsbastions/2007/02/23/the-oc-in-lp-again/comment-page-1/#comment-1363 Bryan Samaha econ 255 Thu, 01 Mar 2007 02:51:44 +0000 http://www.nicholls.edu/bastiatsbastions/2007/02/23/the-oc-in-lp-again/#comment-1363 As an aspring engineer this particular article interest me. The opportunity cost for the sorry enginer that would take this is ridiculous. A 50,000 a year job woth an opportunity cost of a six figure income!? I think not! As an aspring engineer this particular article interest me. The opportunity cost for the sorry enginer that would take this is ridiculous. A 50,000 a year job woth an opportunity cost of a six figure income!? I think not!

]]>