The key insight (or assumption) is that the entrepreneurs are risk neutral while the workers are risk averse, and this difference in attitude towards risk enables both parties to benefit from a long term employment relationship.
This difference in attitude towards risk enables both parties to benefit from a long term employment relationship. The key insight (or assumption) is that the entrepreneurs are risk neutral while the workers are risk averse.
The key insight (or assumption) is that the entrepreneurs are risk neutral while the workers are risk averse. This difference in attitude towards risk enables both parties to benefit from a long term employment relationship.
The key insight (or assumption) is that the entrepreneurs are risk neutral while the workers are risk averse. This difference in attitude towards risk enables both parties to benefit from a long term employment relationship.