MONEY MORAL DILEMMA. Should Theo undercut Duncan's work at double pay?

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Here's this week's hypothetical situation for you to cogitate on:
Colleagues Theo and Duncan work for a company where overtime's scarce and it often struggles to find people to cover. Duncan hears that extra work's available for one person and grabs it, negotiating himself triple time for the evening. When Theo hears about it he's miffed he didn't get in first, as he has a new baby so money's tight and he's always focused his cash on his family.
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Should Theo undercut Duncan's work at double pay?
Colleagues Theo and Duncan work for a company where overtime's scarce and it often struggles to find people to cover. Duncan hears that extra work's available for one person and grabs it, negotiating himself triple time for the evening. When Theo hears about it he's miffed he didn't get in first, as he has a new baby so money's tight and he's always focused his cash on his family.
Should Theo undercut Duncan's work at double pay?
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Tough luck on Duncan if he went in with too high a bid.
That'll teach him to be too greedy.
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Duncan should expect a rift but if it's not too much of a problem in his eyes then go for it.
If money's tight he should go and get a better paid job or get a second one!!
Morally though I don't see a huge problem assuming he's not in a worse situation.
(I half expected the question to be "Should Duncan give up his overtime and let Theo have it" - which also depends. You shouldn't let others take advantage of you, so it depends whether the other guy is like that, or is a nicer person.)
Then any readers can contact their employer and uncut them!