Price encodes the standards gap. If you care more about something, you’ll negotiate it higher. The market naturally surfaces who has higher standards for what, without it needing to be a direct conversation about “you’re not doing enough.”
I don’t understand how this works. It seems to me like if I have high standards for keeping the kitchen floor clean, then someone with lower standards will typically underbid me because keeping it clean to their standards is less work.
Alternatively, if because of my high standards choose to bid lower, to make sure that the task is assigned to me and done to my high standards, then I get less “credit” for the tasks I take on, and soin general I end up doing quite a bit more work.
I don’t understand how this works. It seems to me like if I have high standards for keeping the kitchen floor clean, then someone with lower standards will typically underbid me because keeping it clean to their standards is less work.
Alternatively, if because of my high standards choose to bid lower, to make sure that the task is assigned to me and done to my high standards, then I get less “credit” for the tasks I take on, and soin general I end up doing quite a bit more work.