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The Slavery Incentive

By restricting the workers’ outside options, employers may get them to accept terms that freer individuals would reject.

  • Ricardo Hausmann
  • Project Syndicate

That may be a reason why there is so little urgency in solving the problem of undocumented immigrants in the US, and why many countries protect citizens differently than foreigners.

Protz 1aCAMBRIDGE – Have you ever wondered why business schools do not teach the proper way to whip a worker to obtain maximum effort without damaging the asset?

Had business schools existed before the American Civil War, one can conceive of at least a lecture, if not a…

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