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Labour: Always a Buyer's Market
Sometimes, for example when there occurs a sudden leap in technology, labourers possessing a certain new specialist skill may be able to command enormous salaries and hence temporarily create a seller's market for their labour. But such times are always short, and they affect only a very narrow sector of the whole labour market. Others quickly adopt their new high-demand skill thereby swelling their numbers and relegating them to a buyer's market once again.

Start of book. This page's parent. About this book. About its author. ©Sep 1995 Robert J Morton