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Efficiency wages were put forward as a cause of what is now called precarious work. The efficiency wage hypothesis breathed considerable new life into the old theory of dual labour markets (Katz 1986; Dickens and Lang 1985). 575 more words

Two Lucky People: Memoirs By Milton Friedman, Rose D. Friedman, p.246.

Traffic Jam near the Brandenburg Gate as East Germans move into West Berlin after the fall of the Berlin Wall, 1989.