Articles on Economics of Human Resources

Economics of Human Resource (HR) Decisions

The Make or Buy Decision Explained The Make or Buy decision forms the cornerstone of managerial economics wherein the decision...

Economics of Human Resources: Productivity and Efficiency

How Productivity and Efficiency are the Root of HR Decision Making Who does not like productive employees who can get...

Economics of Human Resources Management: Hiring, Firing, and Reward Systems

The Changing Emphasis of HR Decisions Despite the widespread impression that Human Resources is distinct from the other profit generating...

The Economics of Human Resources in the Informal Economy

Nonexistent Rules in the Informal Economy The informal economy operates in a very different way from the formal economy. Whereas...

The Case Against Labor Unions

It is a common belief amongst the general population that labor unions work in the interest of the laborers. In...

Straight Pay and Variable Pay

Bonuses and their Evolution over Time In the initial decades of the 20th century when the modern corporation began to...

What is Results Only Work Environment (ROWE) and Why is it Important ?

Traditional Workplace Time Requirements Ever since the modern corporation evolved into its present form, it has become the norm for...

Pros and Cons of Using Social Media for Recruitment and Monitoring Purposes

Social Media and Access to Personal Information With the advent of Social Media sites such as Facebook, Twitter, Instagram, and...

How Firms Recruit Employees in the Age of Big Data and Analytics ?

How do firms recruit employees in the age of Big Data? While this might seem to be a question with...

Economics of Human Resources: Why a Minimum Wage is Needed for Employees

What is a Minimum Wage and Why is it so Contentious? Many of us would be familiar with the term...

The Growing Trend of Jobless Economic Growth

Economic growth has always been the focus of all governments. This is because it was believed that if economic growth...

The Economics of Licensed Professions

Milton Friedman is one of the most accomplished economists of all times. His view on economic subjects usually shows a...

Employee Activism at Google and Lessons for Other Firms from New Forms of Unionism

The How, What, and Why of Employee Activism at Google In recent months, the preeminent Tech Firm and Silicon Valley...

Why the Gig Economy will not Take Over the Future?

The rise of firms like Uber, Lyft, TaskRabbit, and Airbnb have startled many economists. The number of people working for...

Why Gig Work is Here to Stay and How We Need New Laws and Institutions for Them

How Gig Work Went Mainstream and is Here to Stay and Why We Need to Respond One of the more...

How the Gig Economy is Growing in US/Canada and What Stakeholders Need to Do?

How the US and Canada Are In the “Pole” Position for the Gig Economy/Workers The rise of the Gig Economy...

The Creator Economy Is a Passport to Riches for a Few, a Pipe Dream for the Rest

Why Wannabe Influencers and Creators Need a Reality Check on Social Media The rise of the Creator Economy in recent...

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Articles on Economics of Human Resources