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Inequality and the Labor Market - The Case for Greater Competition (Paperback)
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Inequality and the Labor Market - The Case for Greater Competition (Paperback)
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Exploring a new agenda to improve outcomes for American workers.As
the United States continues to struggle with the impact of the
devastating COVID-19 recession, policymakers have an opportunity to
redress the competition problems in our labor markets. Making the
right policy choices, however, requires a deep understanding of
long-term, multidimensional problems. That will be solved only by
looking to the failures and unrealized opportunities in anti-trust
and labor law. For decades, competition in the U.S. labor market
has declined, with the result that American workers have
experienced slow wage growth and diminishing job quality. While
sluggish productivity growth, rising globalization, and d union
representation are traditionally cited as factors for this historic
imbalance in economic power, weak competition in the labor market
is increasingly being recognized as a factor as well. This book by
noted experts frames the legal and economic consequences of this
imbalance and presents a series of urgently needed reforms of both
labor and anti-trust laws to improve outcomes for American workers.
These include higher wages, safer workplaces, increased ability to
report labor violations, greater mobility, more opportunities for
workers to build power, and overall better labor protections. Labor
Market Competition will interest anyone who cares about building a
progressive economic agenda or who has a marked interest in labor
policy. It also will appeal to anyone hoping to influence or
anticipate the much-needed progressive agenda for the United
States. The book's unusual scope provides prescriptions that, as
Nobel Laureate Joseph Stiglitz notes in the introduction, map a
path for rebalancing power, not just in our economy but in our
democracy.
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