Why Do We Have High Prices But Stagnating Wages? - podcast episode cover

Why Do We Have High Prices But Stagnating Wages?

Jun 03, 202146 minSeason 2Ep. 20
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Episode description

In the last few decades, American wages have stagnated for everyone except those at the very top. Yet, during this same period, worker productivity and corporate profits have soared. Why these two trends have coincided has perplexed economists. But, in a new book, economist Jan Eeckhout proposes a simple answer: market power. We discuss his proposal and possible solutions for this problem on this episode.
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