We discuss Anna’s recently co-authored paper with Lawrence Summers, Declining Worker Power and American Economic Performance: An Exploration for the Recent Evolution of the Economy.
Anna walks us through
- An overview of the economic environment that has existed within the past few decades
- Their hypothesis on why a declining share of national income is going to labor workers
- The trend of decreasing worker power over time and why it is occurring
- Her own thoughts on what policy actions can be taken today to increase the share of profits going to labor workers