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On Saturday, I will present my working paper to the 9th @ecineq Meeting. Its my 2nd dissertation chapter on the role of firm competition in wage inequality.
It is my first ECINEQ presentation, so I am honored and excited!
ecineq2021.org/sessions/i7-wa…
#ecineq2021 #econtwitter
It is my first ECINEQ presentation, so I am honored and excited!
ecineq2021.org/sessions/i7-wa…
#ecineq2021 #econtwitter
I link turbulent competition between firms and turbulent dynamics of wage increases, roughly following Marx’ intuition: “The competition between workers is only another form of the competition among capitalists.” (Grundrisse, p. 651 in the 1999 Penguin Edition)
The intuition is that the same structural differences between industries which define firm competition, ie. capital structure and cost structure, also define maximum limits to wage increases.
Over time, these manifest in industrial wage inequality.
Over time, these manifest in industrial wage inequality.
