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

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M.E. Sharpe, May 14, 2003 - Business & Economics
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.
 

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Contents

The Development of Silicon Valleys HighVelocity Labor Market
3
The Information Story
25
Mobile Employees Information Spillover and Trade Secrets
27
A New Economics Analysis of Trade Secrets Law from an Economics of Information Perspective
41
Information Ownership and Transmission by Mobile Employees Alternative Economic Approaches
71
The Flexibility Story
91
How Flexible Labor Is Hired I Temporary Help Employees Who Work at One Client Permatemps
93
How Flexible Labor Is Hired II Independent Contractors
112
Employee Organization Networks Ethic Organization New Unions
151
Flexible and Informational Compensation
183
Stock Options Their Law and Economics
185
Market Failure in Retirement Savings and Health Insurance
206
Inequality
217
Employment Discrimination? How a Meritocracy Creates Disparate Labor Market Outcomes Through Demands for Skills at Hiring Networks of Emp...
219
Conclusion
255
Interview Subjects and Table of Cases and Statutes
263

H1B Visas
125
Labor Market Intermediaries Information and Flexibility
141
Labor Market Intermediaries Matching Workers to Jobs
143
References
269
Index
295
Copyright

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About the author (2003)

Alan Hyde is a Professor of Law and Sidney Reitman Scholar at the Rutgers School of Law in Newark, N.J. His teaching areas include labor law, employment law, contracts, and federal jurisdiction. After receiving his A.B. from Stanford University and his J.D. from Yale University, he served as an instructor at New York University's School of Law and represented the National Labor Relations Board in the federal appeals courts. He has written articles for numerous law reviews as well as two books, Cases and Materials on Labor Law (with C.W. Summers and H.H. Wellington) and Bodies of Law.

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