1.4. Personnel Management Under an Unhampered Labor Market
![Bureaucracy by Ludwig von Mises](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=pCmu6WaT 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=x12G8Jum 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=O9UgMbLl 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=lDlCYfTN 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/Bureaucracy_525x361.jpg.webp?itok=P9JMdR2X 1530w)
The price of labor is a market phenomenon determined by the consumers’ demands for goods and services. Virtually every employer is always in search of cheaper labor and every employee in search of a job with higher remuneration.
From Chapter I: “Profit Management”. Narrated by Millian Quinteros.