Schmitt, John; Jones, Janelle - Center for Economic and Policy Research (CEPR) - 2012
The decline in the economy’s ability to create good jobs is related to deterioration in the bargaining power of workers … unemployment well above the full employment level – has substantially reduced the bargaining power of U.S. workers, effectively … pulling the bottom out of the labor market and increasing the share of bad jobs in the economy. In this paper, we define a bad …