Employment derivatives: Difference between revisions

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{{a|myth|{{image|Ironmountain1|jpg|}}}}{{d|Employment derivatives|/ɪmˈplɔɪmənt dɪˈrɪvətɪvz/|n|}}Financial instruments designed to manage the risk of employment variability. First developed in the early part of this millennium by derivatives pioneer and perennial boiler of pots, {{author|Hunter Barkley}}.
{{a|myth|{{image|Ironmountain1|jpg|}}}}{{d|Employment derivatives|/ɪmˈplɔɪmənt dɪˈrɪvətɪvz/|n|}}Financial instruments designed to manage the risk of employment variability. First developed in the early part of this millennium by derivatives pioneer and perennial boiler of pots, {{author|Hunter Barkley}}.
====Genesis====
====Genesis====
{{Drop|W|hen midway through}} midway through his annual rant about the meaningless of life as viewed through the lens of his income, Hunter Barkley had an epiphany. For sure, his own pay packet was a material, unhedged contingency in his life. The perpetual disappointment that it rained upon his sorry existence had, he knew, little to do with how good he was at it (work, or existence for that matter). He knew, too, that his experience was common to the great dreary sweep of humankind that crawled blearily across the clanking gears of global industry.  
{{Drop|W|hen midway through}} his annual rant about the meaningless of life as viewed through the lens of his income, Hunter Barkley had an epiphany. For sure, his own pay packet was a material, unhedged contingency in his life. The perpetual disappointment that it rained upon his sorry existence had, he knew, little to do with how good he was at it (work, or existence for that matter). He knew, too, that his experience was common to the great dreary sweep of humankind that crawled blearily across the clanking gears of global industry.  


That was not his revelation, but this: just as that great collected horde of mortgaged servants were severally at the whim of wanton Gods, so too, necessarily, were the employers who stood the other side of the trade. Firms were long what their servants were short. Only at a ''far greater scale''. Businesses — particularly ''boring'' businesses — bobbed ineptly at the mercy of hysteria’s fickle tides when they flood the market.   
That was not his revelation, but this: just as that great collected horde of mortgaged servants were severally at the whim of wanton Gods, so too, necessarily, were the employers who stood the other side of the trade. Firms were long what their servants were short. Only at a ''far greater scale''. Businesses — particularly ''boring'' businesses — bobbed ineptly at the mercy of hysteria’s fickle tides when they flood the market.