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Firing Senior Employee in the 1930s

The plot here involves a family-owned department store in the 1930s that has hired a hard-driving executive to revive the business. He fires a senior employee who is depicted as over the hill. During the Great Depression, such a firing would have been seen as particularly cruel. (Economists who see this excerpt might think about such concepts as efficiency wages and implicit contracts.)
Length: 04:24

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