Labor
Do Firms Use Capital and Labor Efficiently? Evidence and Implications of Resource Misallocation
Economists have for a decade or so theorized that moving productive inputs like labor and capital into the firms that make the best use...
Strong Employers and Weak Employees: Study Sheds New Light on How Labor Market Concentration Hurts Workers
New study finds that wages are significantly lower in concentrated labor markets—and even lower in labor markets where unionization rates are low.
America’s decades-long wage...
To Help Workers Adjust to Technological Change, First Pinpoint Where It Is Happening
Changes in technology clearly affect people in different sectors and occupations differently, but providing adequate policy support to workers trying to adjust to these...
Editors’ Briefing: On Our Radar This Week (Jan. 29–Feb. 2)
This week in political economy.
As cities across America continue to compete for Amazon’s second headquarters, Federal Reserve Bank of Minneapolis President Neel Kashkari...
New Study Shows Just How Bad the US Labor Market’s Competition Problem Really Is
In recent decades, antitrust policy has all but ignored the issue of monopsony power. Yet a new paper shows that across the US economy,...
Antitrust in the Labor Market: Protectionist, or Pro-Competitive?
Redirecting antitrust enforcement to confront monopsony power would be a substantial departure from the way it has been conducted in recent decades, but just...
The Rise of Market Power and the Decline of Labor’s Share
A new paper argues that the decline of the labor and capital shares, as well as the decline in low-skilled wages and other economic trends, have been...
