Monopsony trends

Recently, the Biden administration’s Treasury Department highlighted concerns that monopsony power is hurting workers. In particular, the department underscored the role that competitive labor markets play in fostering “the economic freedom to switch jobs or negotiate a higher wage.” But how much market power do US employers have?  In a paper in the American Economic Review, authors Chen Yeh, Claudia Macaluso, and Brad Hershbein estimated […]

Δυσοίωνοι εθνικοί λογαριασμοί

Μεταφέρω επιστολή αναγνώστη με τίτλο “A green economy means curbing growth of the financial sector” στην Financial Times της 25 Ιουλίου 2022. Το ερώτημα της ‘πράσινης μετάβασης’ είναι πρωτίστως διανεμητικό, όπως υποστηρίζει πειστικώς ο συντάκτης της επιστολής.  “[T]he fall in the investment share in gross domestic product over the past decades as a major problem […]