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The article misses a very important point: in the economy of 2013 in the US (outside of silicon valley), labor supply far outstrips demand. The employers can a
by niggler 14y ago
The article misses a very important point: in the economy of 2013 in the US (outside of silicon valley), labor supply far outstrips demand. The employers can afford to be picky, and there's some truth to the idea that the college student will work harder at the lower level jobs because they are saddled with debt (and are less likely to have flexibility).
Ironically, there is a similar practice in finance where bosses and companies help their top employees live beyond their means so that they will be "forced" to continue working.