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  Stansbury and Summers respond on worker bargaining power, and more on monopsony

  

  marginalrevolution.com

  Both to my earlier points and to some other discussions, here is the link.  Here is one excerpt related to a point I had not understood in the paper proper: 5. If corporate profits are so high, how is this consistent with the persistently low demand postulated by Summers’ “secular stagnation” hypothesis? Secular stagnation as […] The post Stansbury and Summers respond on worker bargaining power, and more on monopsony appeared first on Marginal REVOLUTION.

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• Declining worker power vs. rising monopoly power: Explaining recent macro trends

  

  voxeu.org

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  Stansbury and Summers on the declining bargaining power of labor

  

  marginalrevolution.com

  In one of the best papers of the year, Anna Stansbury and Larry Summers present what...

  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 […] The post Stansbury and Summers on the declining...

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