Capital versus labor

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shveik

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Jul 6, 2002
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stanley said:
Attached is a link to a James Surowiecki article from the March 14 edition of the New Yorker that discusses a few types of ownership-labor disputes and how they relate to the NHL lockout.

http://www.newyorker.com/printables/talk/050314ta_talk_surowiecki

Surowiecki is the most regular contributer to the publication's financial page.

Thanks for the link. The author makes some valid observations, but it doesn't look like he is going anywhere with them. Also, the main observation that he is making are of the obvious kind: "the top talent is in short supply and in high demand, so it commands top dollar". So? :dunno:
 

stanley

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Feb 27, 2002
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Hey, no problem.

I think it's Stanley who should have worded the introduction a little better. While the author uses the NHL lockout as an example, his intent is to focus on the difference between "plentiful" labor (the majority of the workforce) and specialized labor (referred to as "talent" in the article) in the business world and how ownership has responded differently to both over time.

The theme of the article shouldn't be taken to be the NHL, per se, but any business where the workers are in short supply and irreplacable. I suppose that's nothing new to sports fans.
 
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