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

Overview

Writing for both legal and economics scholars, Hyde (Rutgers U. School of Law) analyzes the structure and dynamics of the high technology labor market, characterized by high mobility. He argues that the flexibility of the labor market leads to high degree of knowledge diffusion in the high-tech industry. This knowledge spillover is crucial to technological advance, but law has failed to account for it and is still thinking of information as a "trade secret." Further, by studying the "high-velocity" labor market, ...
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Overview

Writing for both legal and economics scholars, Hyde (Rutgers U. School of Law) analyzes the structure and dynamics of the high technology labor market, characterized by high mobility. He argues that the flexibility of the labor market leads to high degree of knowledge diffusion in the high-tech industry. This knowledge spillover is crucial to technological advance, but law has failed to account for it and is still thinking of information as a "trade secret." Further, by studying the "high-velocity" labor market, aspects of labor, intellectual property, and immigration law can be reanalyzed and reformed. He suggests that much of law and economics be refashioned in line with flexibility, risk, and entrepreneurship, but cautions that a bigger safety net and more protections for market losers might be necessary. Annotation ©2003 Book News, Inc., Portland, OR
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Product Details

Table of Contents

Foreword
Acknowledgments
Introduction
1 The Development of Silicon Valley's High-Velocity Labor Market 3
Pt. I The Information Story 25
2 Mobile Employees, Information Spillover, and Trade Secrets 27
3 A New Economic Analysis of Trade Secrets Law from an Economics of Information Perspective 41
4 Information Ownership and Transmission by Mobile Employees: Alternative Economic Approaches 71
Pt. II The Flexibility Story 91
5 How Flexible Labor Is Hired I: Temporary Help Employees Who Work at One Client ("Permatemps") 93
6 How Flexible Labor Is Hired II: Independent Contractors 112
7 H-1B Visas 125
Pt. III Labor Market Intermediaries: Information and Flexibility 141
8 Labor Market Intermediaries: Matching Workers to Job 143
9 Employee Organization: Network, Ethnic Organization, New Unions 151
Pt. IV Flexible (and Informational) Compensation 183
10 Stock Options: Their Law and Economics 185
11 Market Failure in Retirement Savings and Health Insurance 206
Pt. V Inequality 217
12 Employment Discrimination? How a Meritocracy Creates Disparate Labor Market Outcomes Through Demands for Skills at Hiring, Networks of Employees, Entrepreneurial Tendencies 219
Conclusion 255
App Interview Subjects and Table of Cases and Statutes 263
References 269
Index 295
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