Episode 20: The Declining Worker Power Hypothesis -- with Anna Stansbury

Why has wage inequality increased in the past 40 years in the United States? Why has corporate valuation skyrocketed? In this episode, Anna Stansbury presents her work with Larry Summers on how declining worker power better explains these recent trends in the American economy and what that means for inequality. Paper: “The Declining Worker Power Hypothesis” by Anna Stansbury and Lawrence Summers https://www.brookings.edu/bpea-articles/declining-worker-power-and-american-economic-performance/ Recommendation: “Working” by Studs Terkel https://www.goodreads.com/book/show/59649.Working

Om Podcasten

What is the most unequal region of the world? How deep does gender discrimination run in our societies? What happens to poor households during a housing boom? How is land distributed today? How can minimum wage reduce racial inequality? Can we really expect politicians to fix inequality? InequaliTalks presents accessible research done by young economists on one of the most pressing issues in the public conversation: inequality. InequaliTalks is supported by School of Cities at the University of Toronto.