"In economics, the Baumol effect, also known as Baumol's cost disease, first described by William J. Baumol and William G. Bowen in the 1960s, is the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth."
Tag: labor
Those That Leave Arizona
"Arizona Department of Corrections Director David Shinn said Arizona communities would “collapse” without cheap prison labor, during testimony before the Joint Legislative Budget Committee Thursday."-Jimmy Jenkins, "Arizona communities would 'collapse' without cheap prison labor, Corrections director says." azcentral.com. July 14, 2022 Reminds me of Ursula K. Le Guin's story The Ones Who Walk Away from Omelas. Let's … Continue reading Those That Leave Arizona
Noncompete Clauses are Evil
"Traditionally, noncompete clauses like the one Kenny signed were found in contracts for white-collar executives or other high-profile employees who might have access to company trade secrets or develop personal relationships to clients. Businesses fear employees will leave and take those valuable assets with them to a competitor, so noncompete clauses help protect those companies. … Continue reading Noncompete Clauses are Evil
Processed World
“Are You Doing the Processing, or Being Processed?”—Slogan of Processed WorldProcessed World was part zine, part street theater, part forum for college educated temp workers serving as grist for the machines of capitalism. The first issue was published in April 1981, at the dawn of the "information age" and explored its underside. The early 1980s … Continue reading Processed World
Book Review: Every Twelve Seconds by Timothy Pachirat
Highly recommended. Describes in detail the operation of an industrialized slaughterhouse, from the front office to the delivery of cattle and back again. While it is clear the process is inhumane and unsanitary, the working conditions of the employees are the focus. Even if the ethics of killing animals for food is not an issue … Continue reading Book Review: Every Twelve Seconds by Timothy Pachirat
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