Evolution of labor markets?
January 30, 2014 8:41 PM Subscribe
I'm looking for an essay I read a while ago on the evolution of labor markets in the face of increasing competition. It claimed that as competition for good candidates became more intense, there would be a progression in market structure through several stages: (1) open hiring, with companies differentiating themselves via wages and working conditions and eventually increased acceptance of exploding offers; (2) a system of internships to identify good candidates before they formally entered the job market (e.g., most good law students graduate with an offer in hand); and (3) a formalized match system like the national residency match program where all hospitals and students submit their preferences to be resolved simultaneously. It was a non-academic sort of essay, with no game theory or citations. It sounded like an intelligent amateur putting something up on a personal website. It may predate blogging. Hope me please?