In one of the best papers of the year, Anna Stansbury and Larry Summers present what is to me the best non-“Great Stagnation” story of what has gone wrong, and I have read many such accounts. Here is their abstract: Rising profitability and market valuations of US businesses, sluggish wage growth and a declining labor […]
Stansbury and Summers on the declining bargaining power of labor
Stansbury and Summers on the declining bargaining power of labor
11 Sep 2023 Leave a comment
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