Working in Silicon Valley: Economic and Legal Analysis of a High-velocity Labor Market

Economic and Legal Analysis of a High-velocity Labor Market

Nonfiction, History, Asian, Asia, Business & Finance
Cover of the book Working in Silicon Valley: Economic and Legal Analysis of a High-velocity Labor Market by Alan Hyde, Taylor and Francis
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Author: Alan Hyde ISBN: 9781317451693
Publisher: Taylor and Francis Publication: June 11, 2015
Imprint: Routledge Language: English
Author: Alan Hyde
ISBN: 9781317451693
Publisher: Taylor and Francis
Publication: June 11, 2015
Imprint: Routledge
Language: English

This work examines the relationship between the rapid technological and economic growth characteristic of high technology districts and their distinct labor market institutions - short job tenures, rapid turnover, flat firm hierarchies, weak internal labor markets, high use of temporary labor, unusual uses of independent contracting, little unionization, unusual employee organization (e.g., chat groups, and ethnic organization), unequal income, minimal employment discrimination litigation, flexible compensation (especially stock options), and heavy use of immigrants on short-term visas. The author suggests that while these distinctive labor market institutions are somewhat unorthodox and may present legal problems, they play essential roles in high growth.

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This work examines the relationship between the rapid technological and economic growth characteristic of high technology districts and their distinct labor market institutions - short job tenures, rapid turnover, flat firm hierarchies, weak internal labor markets, high use of temporary labor, unusual uses of independent contracting, little unionization, unusual employee organization (e.g., chat groups, and ethnic organization), unequal income, minimal employment discrimination litigation, flexible compensation (especially stock options), and heavy use of immigrants on short-term visas. The author suggests that while these distinctive labor market institutions are somewhat unorthodox and may present legal problems, they play essential roles in high growth.

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