Labor & Economic News Blog
Wednesday, September 06, 2006
In today's rat race, the most overworked win
In today's rat race, the most overworked winSource: Washington Post
For years, economists have taught their students a simple maxim: As employers hunt for workers, they want to get the best talent at the lowest price. According to this theory, whether employees want to work long hours or short hours, employers have an incentive to accommodate them, because asking people to do something they don't want to do raises the price of labor -- workers demand more compensation.
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