ABSTRACT
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.
TABLE OF CONTENTS
chapter |21 pages
The Development of Silicon Valley's High-Velocity Labor Market
part |66 pages
The Information Story
part |49 pages
The Flexibility Story
chapter |13 pages
How Flexible Labor is Hired II: Independent Contractors
chapter |15 pages
H-1B Visas
part |42 pages
Labor Market Intermediaries: Information and Flexibility
chapter |8 pages
Labor Market Intermediaries: Matching Workers to Jobs
chapter |32 pages
Employee Organization: Networks, Ethnic Organization, New Unions
part |33 pages
Flexible (and Informational) Compensation
chapter |21 pages
Stock Options: Their Law and Economics
chapter |10 pages
Market Failure in Retirement Savings and Health Insurance
part |38 pages
Inequality