Word: medoff
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...grandfather recognized that unions did have two faces. They did bargain for higher wages, yet also provided a vehicle with which management and workers could collaborate," Medoff recalls...
...teenager, Medoff worked during a summer in one of the textile plants, sorting out cashmere in what he describes as a hot room filled with dirty air. "They gave me the worst job, so I got first hand experience about what bad working conditions were like," he says...
After a successful career as a lacrosse player at Brown, where he was known as "the Woonsocket Rocket," Medoff came to Harvard and received his Ph.D in 1975, and has been on the Faculty ever since. He has published a number of articles on internal labor markets, and also on topics such as salaries, promotions and seniority within firms. Medoff teaches Economics 1660. "Operation of Labor Markets" as well as a graduate seminar. His only hobby, he says, is playing basketball with his three-year-old son, Justin...
...same time Medoff was doing work on internal labor markets, Freeman was publishing reports for the Department of Labor and the American Economics Association on the positive effects unions have on productivity because of reduced turnover. After meeting at Harvard, the two decided in 1976 that by pooling their combined knowledge of internal and external labor markets, they could write a comprehensive study of unions...
...take being right very seriously," Medoff adds...