The
binding assignment condition mimics societies in which some are
born rich and some are born poor, and social mobility is prohibited,
and societies in which government or organizations assign desirable
and undesirable jobs to different individuals and the assignment
is binding. In contrast, the free competition condition is
more similar to societies in which individuals are born equal and
everyone may become richer or poorer depending on how competitive
he or she is, and societies in which everyone can compete
equally for the best jobs yet winners of the best jobs may lose their
jobs if they do not stay competitive. Of course, free competition and
binding assignment are two extremes of a continuum; most reallife
systems lie in between. Nevertheless, many modern societies
are moving toward the direction of free competition: social status
becomes more mobile, job switches become less difficult.
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