Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022
Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two … own workers to pay lower wages; and 2. Monopoly, where dominant firms charge too high prices for what they sell, which … lowers production and the demand for labor, and hence equilibrium wages economy-wide. Using establishment data from the US …
