))
Episode 26: What happens when big companies increase wages? -- with Ellora Derenoncourt
Manage episode 327198524 series 3344360
Content provided by Clémentine Van Effenterre. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Clémentine Van Effenterre or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In recent years, decreasing federal minimum wage, low unionization rates and growing outsourcing trends have had some important effects on wage growth in the US low wage sector. As major firms throughout the world come under scrutiny for their failure to compensate their workers fairly, it is becoming increasingly necessary to better understand what motivates companies to mirror other larger firms’ wage changes. In this episode, Ellora Derenoncourt explains that when it comes to wage changes, just a few large employers in the labor market can have substantial ripple effects. Using the examples of firms like Amazon, Walmart and Target, she looks at why some companies feel compelled to follow in the footsteps of larger actors.
Working Paper:
“Spillover effects from voluntary employer minimum wages”, with Clemens Noelke, David Weil & Bledi Taska
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3793677
Recommendation:
“On the Clock: What Low Wage Work Did to Me and How It Drives America Insane” (2019), by Emily Guendelsberger
https://www.goodreads.com/book/show/42779084-on-the-clock
37 episodes
Share
