link here to article
This is a link to a study that attempts to determine why the historical link between labor productivity and wages has been broken. The explanation requires an understanding of a wide range of changes in society. Some of these changes are explored in depth. Perhaps the most profound changes have occurred in corporate America. The shift from managerial capitalism to financial capitalism has had dramatic influences on corporate behavior and upon the distribution of income.
Some recommendations for change are proposed but it will be an uphill battle.
No comments:
Post a Comment