Quote:
Originally Posted by JLamb
I think the oversupply is current problem the MLs are facing. The competition is so stiff that some did not earn and eventually cut short their trip. My regular told me that it is not uncommon that the less popular ones have zero client in a day.
What happens next could be 100 - 110 will be the norm. Then, words will spread back by the MLs to their jiemeis that SG can't make money. After that, the oversupply becomes undersupply.
Life's a vicious cycle.
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Thanks for refreshing my memory on those economic concepts lol..
Still remember the demand/supply curve highlighting surplus or shortage and the equilibrium price crap lol..
Right now I counted 178 ML listings on SLG's front page.. Now that's what you call oversupply..
Maybe it's a good thing for us cuz of the price and service adjustments a ML may be forced to make to make herself a more attractive option to go for..