Heterodox
I discussed on several occasions before the worsening of income distribution and the squeeze of the labor share in total income. Figure below provides updated information. Professor Autor and some of his co-authors suggest this in part might result from the rise of the 'superstar firm.' In other words, Facebook, Google (Alphabet), Amazon, Apple, etc and the winner take all economy. This paper (h/t Santiago Capraro) argues that this results from market power reflected in higher mark...
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