Sunday, May 20, 2018

Krugman: The Problem in the Market for Labor

This is part and parcel of the rise of money in politics, which has led to anti-labor policies by the Federal Government--yes even under Obama. Until we realize that when a large proportion of the workforce doesn't earn a living wage, we'll never understand why economic growth and inequality are sapping our nation's capacity.

Monopsony, Rigidity, and the Wage Puzzle

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