1.4. Personnel Management Under an Unhampered Labor Market

Tags: Prices, Production Theory, Free Markets

05/02/1944 Ludwig von Mises

The price of labor is a market phenomenon determined by the consumers’ demands for goods and services. Virtually every employer is always in search of cheaper labor and every employee in search of a job with higher remuneration.

From Chapter I: “Profit Management”. Narrated by Millian Quinteros.

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