4 ms·
This awesome article highlights a problem I studied in college economics called the "inappropriability of labor". The problem is that because slavery is illega
by BobbyH 16y ago
This awesome article highlights a problem I studied in college economics called the "inappropriability of labor".
The problem is that because slavery is illegal, investments in training will be significantly reduced. For example, if I was your slave, you might invest $50k in training me because you'd be sure that a better-trained-me would make you more money. But if I was your employee, you wouldn't invest $50k in me because I could leave at any time.
This is also why your cheap employer doesn't send you to that professional development conference you want to attend.
This Dutch club got around this problem by selling soccer contracts. One thing the article did not mention is that to adopt this model in the US, a US training organization would have to have some method of making money by selling contracts or the like.