Postby Lookingforananny2024 » Tue Dec 17, 2024 11:24 am
Came her looking for a nanny but couldn't resist replying, big part of my profession is this.
This is a classic case of value transfer.
You have something you value highly – the cleaner on Monday and Friday – and your neighbours are asking you to swap it for something you value less: Wednesday cleaning.
There’s plenty of economic theory on how this resolves fairly, and it boils down to three options:
1. Don’t swap
You retain the value of your current arrangement, and your neighbours gain nothing. The downside? You might lose social capital or goodwill with them. If that matters, you might explore a compromise.
2. Swap and lose out This is not good for you, you're effectively handing them a slice of your happiness. Hard to measure and many have tried but what you do know is it's less good for you.
3. Swap, but make them "make good" on the value transfer.
The most fair solution except it's socially awkward for a number of reasons. For example, if the cleaner charges £20/hour for them and £10/hour for you, they could cover the difference to compensate for your loss of value.
4. They pay the cleaner enough to drop her other Friday client.
The free-market solution! Your neighbours would effectively pay a premium for a coveted Friday slot. It’s fair in theory, but risky – they may decide to outbid you further down the line and squeeze you out entirely.
Ultimately, those are the options:
- Don’t swap.
- Swap and lose out
- Swap, but make them pay up for the value shortfall
- Pay her more to drop the other client