June 9, 2009
More on the Fischer Black Model
June 9, 2009
The Purpose of the Public Health Insurance Plan
June 8, 2009
Justin Fox, Fischer Black, Tyler Cowen
June 8, 2009
Limits to Progress?
June 8, 2009
Behaviorial Geneticists versus Policy Implications
June 7, 2009
Isn't That Just an Asian Effect?
June 7, 2009
Forecasting
June 6, 2009
On Being Certain
June 6, 2009
Obama on How Markets Reduce Racial Discrimination
In what way is this a problem in French labour markets? What evidence have you got against the alternative hypothesis that this represents value added for the French customer, and that the French retail sector operates in this way because the French retail customer likes it? Do you think a French economist would pick up a blog post about ignorant sales assistants and say "evidence that there are serious problems in American labour markets"?
I think the point is that the entrenched job security leads to many people not doing their job. I have no idea what they talked about for half an hour, but I doubt she was doing her job when it might have turned away many other customers and revenue for her employer.
Matthew's point is one tack at it.
A second: if the labour market weren't so constrained, wouldn't it be likely that the Sartre guy would be hired doing something other than shop assistant? Sure, the customer might be happy having the half-hour chat, but surely the guy's marginal product would be higher elsewhere.
Based on anecdotal evidence I can say that most Swedes visiting the US are negatively suprised
by the low quality of service in stores.
Also, I interpreted Tyler as joking when he descirbed them talking about Sartre and Heidegger. Really, how plausible does it sound?