Great piece here about how labour markets actually work. Rather differently to the way they are assumed to work.
The odd thing is that if you asked a sociologist with a serious interest in the empirics of the labour market - say someone like my colleague Duncan Gallie - they would probably say something very similar, in fact it would be part of their background assumptions as to how things worked.
And people say that sociologists have nothing useful to say about the important issues of the day? Very often they have. The problem is that nobody listens until somebody with a different, usually more prestigious, label says more or less the same thing.