3 ms·
Said in another way, capital is fungible but labor is not. This means capital can flow readily to the lowest cost suppliers and workers but workers cannot flow
by Dwolb 10y ago
Said in another way, capital is fungible but labor is not. This means capital can flow readily to the lowest cost suppliers and workers but workers cannot flow readily to higher paying employers.
This leads to a mismatch where, temporarily, employers can capture higher-skilled workers at lower costs.
Another comment, how are anti-disparagement clauses not a violation of first amendment rights?
- dietrichepp 10y ago> Another comment, how are anti-disparagement clauses not a violation of first amendment rights? This is a common misunderstanding of the first amendment. It's a short amendment, shorter than your comment, so you might as well just read the amendment.
- Dwolb 10y agoAh thanks for the advice :)
- nostrademons 10y ago> Another comment, how are anti-disparagement clauses not a violation of first amendment rights? First amendment applies to Congress (and after the 14th amendment, the state governments), not to any private citizen or organization. You're free to make private agreements that sign away any rights you have, except (after the 13th amendment) your freedom.
- Dwolb 10y agoThanks for the clarification. Makes sense. It feels weird there aren't basic worker protections against such agreements but I think I get it - people are free or not free to enter into such agreements and receive benefits for doing so.