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The Essence of the Labor Contract

The Essence of the Labor Contract
A businessman get another man's signature for a contract, circa 1940. FPG/Hulton Archive/Getty Images
Jeffrey A. Tucker
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Commentary

Years ago in the middle of a very tight labor market, I was in a convenience store, and an employee became upset at the boss and quit on the spot. The boss was very alarmed. He went running after the kid and begged him to come back. He gave him an immediate raise and the kid got back to work. All was well again.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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