 How to Destroy Efficient JobsPierre Lemieux Chapter Chapter 10 in Who Needs Jobs?, 2014, pp 113-123 from Palgrave Macmillan Abstract: Abstract Exchange is the foundation of efficiency, including in jobs. A job is efficient when it embodies a series of exchanges that benefit all parties. The self-employed person, who creates his own job, directly sells something his customers want. A job holder sells his labor services to an employer who values them because this exchange allows the firm to sell at a profit something its customers want. The supplier of labor services, the supplier of goods produced with these labor services, and the purchasers of the final goods all benefit; otherwise, they would not engage in exchange. We would therefore expect that preventing any of these acts of exchange destroys efficient jobs. If a self-employed worker and his voluntary customers are prevented from exchanging, each loses what would otherwise have been his benefits from exchange. Similarly, if a worker and an employer are prevented from entering into a labor contract on terms on which they mutually agree, they both lose, and so will the consumers of the final products that are, or would have been, supplied by the employer. Keywords: Labor Market; European Union; Minimum Wage; Labor Service; Labor Market Regulation (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-35351-1_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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