Social Networking Pays Off More in the U.S. than Germany
New research from North Carolina State University shows that informal social networks play an important role when it comes to finding jobs in both the United States and Germany, but those networks are significantly more important for high-paying jobs in the United States – which may contribute to economic inequality.
“It is interesting to note that the open market system in the United States, with minimal labor regulations, actually sees people benefiting more from patronage – despite the expectation that open markets would value merit over social connections,” says Richard Benton, a Ph.D. student at NC State who co-authored the research. (more…)