The skills explanation offered both administrations “an excuse for what was a systematic deploying of policy to disempower workers,” argues @LarryMishel, a senior fellow at EPI who previously served as its president. theatlantic.com/politics/archi…
“To Mishel & like-minded critics, the skills-gap theory couldn’t account for two key trends: the rising share of income & wealth concentrating in the top 1%, and the slowdown in wage growth even among college graduates, who were supposed to benefit from the digital revolution.”
“The center-left has totally abandoned, and appropriately so, that framework for understanding wage suppression and inequality,” says @LarryMishel. “What’s replaced it is a greater attention to the increases in employer power.”
We need to “replace the idea that employers & employees are on an equal footing with an understanding that an inherent power imbalance exists in favor of employers over their workers,” stresses @LarryMishel. Here’s an overview of our Unequal Power project. epi.org/blog/rbg-unequ…
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