Is it hard to imagine a world in which people are treated fairly? Paid a fair wage for the work they contribute? Rewarded monetarily for the successful intellectual products that they help to produce?
Did you just scoff? If so you might be a knowledge worker who toils day in and day out on information goods – products like software, vaccines, or media – just to see the company you work for take the copyright or patent and reap all the rewards from your innovation.
A new working paper from researchers at MIT, Boston University, and the University of Michigan shows that people, companies, and the economy as a whole can all benefit and grow when we forget what we think we know about property rights and compensate people fairly for the work they do.
Take off your rose-colored glasses, put on your headphones, and listen to this interview with one of those researchers, Marshall Van Alstyne, as he explains how innovation and fair compensation can go hand in hand.
CC-licensed music this week: