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Episode 20: The Declining Worker Power Hypothesis -- with Anna Stansbury
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Why has wage inequality increased in the past 40 years in the United States? Why has corporate valuation skyrocketed? In this episode, Anna Stansbury presents her work with Larry Summers
on how declining worker power better explains these recent trends in the American economy and what that means for inequality.
Paper: “The Declining Worker Power Hypothesis” by Anna Stansbury and Lawrence Summers
https://www.brookings.edu/bpea-articles/declining-worker-power-and-american-economic-performance/
Recommendation:
“Working” by Studs Terkel
https://www.goodreads.com/book/show/59649.Working
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