Almost all teachers are those rare people who stayed in education their entire lives. Unlike the rest of us who entered the "real world", some of us desperate to do so, teachers remained in the bubble. These are the exact people who go on to teach our children and future professionals about the "real world" - the one they've never experienced.
Read moreHonesty in Firing
Firing employees is psychologically and legally challenging. Employees make connections within a company, and unless they're an unabashed arsehole, getting rid of them reduces team morale and isn't easy for the person doing the firing. On top of this, governments make employers jump through several hoops to cover their asses and avoid an appreciable risk of being sued.
Read moreIt's Worth Caring About Labour Demand Elasticity
As somebody who reads a lot of "economics for laymen" books, I find some of the esoteric microeconomics theory or hardcore mathematics boring. Occasionally there is an obscure topic worth learning: labour demand elasticity is such a topic.
The price of labour often affects the demand for it. If wages fall, we might expect higher demand as employers take advantage of the inexpensive human capital by hiring more people. The relationship between the two is "labour's elasticity of demand", and it's the answer to the question, "by how much will employment increase if workers are X% cheaper?"
Read moreAnti-Discrimination Laws Are Pointless
The most blatant flaw with a law that protects employees against discrimination is that it pretends to know the employer's intentions. As such, determinations of discrimination will be subjective and at least partially emotionally driven (does this boss seem like a jerk?).
A more persuasive argument against such laws is that they don't work.
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