From the Economic Policy Institute (http://www.epi.org/):
In a new report, EPI’s Josh Bivens and Heidi Shierholz find that a decline of workers’ power—not an increase in employer power—has been the main driving force behind inequality and wage suppression in the U.S. labor market over the last four decades. According to the report, employer concentration and labor market power have been considerable (if under-recognized) over this entire time. However, as corporate-friendly policy choices have chipped away at policies and institutions that bolstered workers’ power, employers’ power has been more effective in suppressing wage growth. Bivens and Shierholz urge policymakers to take measures to restore the leverage and bargaining power of workers. Read the report at https://www.epi.org/publication/what-labor-market-changes-have-generated-inequality-and-wage-suppression-employer-power-is-significant-but-largely-constant-whereas-workers-power-has-been-eroded-by-policy-actions/.
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