Page "Human capital" Paragraph 56

In recent economic writings the concept of firm-specific human capital, which includes those social relationships, individual instincts, and instructional details that are of value within one firm ( but not in general ), appears by way of explaining some labour mobility issues and such phenomena as golden handcuffs.

Workers can be more valuable where they are simply for having acquired this knowledge, these skills and these instincts.

Accordingly the firm gains for their unwillingness to leave and market talents elsewhere.