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.
CAMBRIDGE – 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…