There is an honest trade-off between labour market protection and learning. If you have an extremely static labour market—like the high protection laws in France or Spain—you get stability, but you sacrifice learning. There is less transfer of knowledge because there is less reallocation of people to tasks or teams.
César A. Hidalgo — There is an honest trade-off between labour market protectio
There is an honest trade-off between labour market protection and learning. If you have an extremely static labour market—like the high protection laws in France or Spain—you get stability, but you sacrifice learning. There is less transfer of knowledge because…