Finding a job now is difficult. Competition is fierce. How low a pay will you accept? In Boston, college grads have create a new website where Job Seekers Bid On Low Pay.

In a sign of just how tough it is to find work in the struggling economy, a group of Boston college grads has created a Web site that allows job seekers to try for positions based on who will work for the lowest salary.

The three local college graduates have launched a site called http://www.jobaphiles.com where people can bid on jobs posted by employers.

The site was created with the vision to create a “student labor yellow pages,” said Thai Nguyen, CEO of Jobaphiles.com.

Similar to eBay’s bidding system, Jobaphiles.com visitors can bid on job positions by stating how much they are willing to be paid. They can also post why they are qualified and create a profile that includes a photo.

Employers can then select the most qualified and affordable bidder to hire for the job.

Signing up for Jobaphiles.com is free for both employers and students looking for jobs. Nguyen said the site has more than 1,300 job postings that range from HTML programming to baby-sitting.

Currently, the majority of job postings are for part-time positions in the Boston area. “We saw a shift in jobs, towards a higher demand for part-time work from small-scale businesses because of the economy,” said Nguyen.

Jobaphiles Beantown Beta

Inquiring minds are investigating Jobaphiles.Com.

How Jobaphiles Works

Jobaphiles is a free job-auction website. You can post a job and local college students and recent grads will then bid for it by indicating how much they’re willing to work for and why they should be hired.

1. Browse Job
2. Read the Details
3. Check the Ratings
4. Place a Bid
5. You will be contacted
6. Get Paid
7. Rate the Employer (Optional)
8. Get Re-Hired (Optional)

This is starting out as a part time thing for college students and college grads in Boston. I believe it has far bigger application. If so, someone like Craig’s List will soon be on this business model nationally. Either way, the downward pressure on wages salaries continues.

Mike “Mish” Shedlock
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