The Profit Paradox

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691224293
Total Pages : 352 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Profit Paradox by : Jan Eeckhout

Download or read book The Profit Paradox written by Jan Eeckhout and published by Princeton University Press. This book was released on 2022-10-25 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.

Wages, Bonuses and Appropriation of Profit in the Financial Industry

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Author :
Publisher : Routledge
ISBN 13 : 1317301129
Total Pages : 259 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Wages, Bonuses and Appropriation of Profit in the Financial Industry by : Olivier Godechot

Download or read book Wages, Bonuses and Appropriation of Profit in the Financial Industry written by Olivier Godechot and published by Routledge. This book was released on 2016-07-22 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis led the whole world to ask questions of the financial industry. Why are wages in the financial industry so high? Are bonuses responsible for the financial crisis? Where do bonuses come from? Politicians and others urged people to believe that the crisis was the price of Wall Street’s greed and blamed the "bonus culture" prevalent in the financial industry. However, despite widespread condemnation and the threat of tighter regulation, bonuses in the industry have proven remarkably resilient. Wages, Bonuses and Appropriation of Profit in the Financial Industry provides an in-depth inquiry into the bonus system. Drawing on examples from France, the City and Wall Street, it explains how and why workers in the financial industry can receive such large bonuses. The book examines issues around incentives, morality and wealth-sharing among employees, including the rise of "the working rich" – those who have benefited the most from the high wages and large bonuses on offer to some employees. These people have achieved wealth through their work thanks to new forms of exploitation in our ever-more dematerialised economy. This book shows how the most mobile employees holding the most mobile assets can exploit the most immobile stakeholders. In a world where inequalities are rising sharply, this book is therefore an important study of one of the key contemporary issues. It will be of vital interest to those studying finance, banking or political economy.

The Distribution of Wealth

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Author :
Publisher :
ISBN 13 :
Total Pages : 490 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Distribution of Wealth by : John Bates Clark

Download or read book The Distribution of Wealth written by John Bates Clark and published by . This book was released on 1899 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Work, Wages, and Profits

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Author :
Publisher :
ISBN 13 :
Total Pages : 340 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Work, Wages, and Profits by : Henry Laurence Gantt

Download or read book Work, Wages, and Profits written by Henry Laurence Gantt and published by . This book was released on 1913 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Wages, Price and Profit

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Author :
Publisher : Good Press
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.4/5 (64 download)

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Book Synopsis Wages, Price and Profit by : Karl Marx

Download or read book Wages, Price and Profit written by Karl Marx and published by Good Press. This book was released on 2021-04-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Wage-Labour and Capital" was derived from Marx's lectures to the German Workmen's Club of Brussels in 1847, during a period of great political upheaval. The relationship between wage labor and capital is a central concept in Marx's political economy analysis. This book is essential for understanding the evolution of Marxist theory.

Value, Price, and Profit

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Publisher :
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Value, Price, and Profit by : Karl Marx

Download or read book Value, Price, and Profit written by Karl Marx and published by . This book was released on 1910 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

National Wealth of the United States in the Postwar Period

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Author :
Publisher :
ISBN 13 : 9780691651859
Total Pages : 0 pages
Book Rating : 4.6/5 (518 download)

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Book Synopsis National Wealth of the United States in the Postwar Period by : Raymond William Goldsmith

Download or read book National Wealth of the United States in the Postwar Period written by Raymond William Goldsmith and published by . This book was released on 2016-04-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Raymond Goldsmith's book provides annual estimates of national wealth and its components for the period 1945-1958 in current and in constant (1947-1949) prices, and on a gross (undepreciated) and net (depreciated) basis. These figures continue and expand the author's 1900-1945 estimates, published in A Study of Saving in the United States, Volume III. The estimates for aggregate national wealth are broken down by the main forms of tangible assets but also by the main economic sectors which hold these assets, thus providing wealth statements for each of the seven major sectors. This is the only set of national wealth estimates now available for the United States. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

The Wealth of Nations Book 1

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781546928485
Total Pages : 66 pages
Book Rating : 4.9/5 (284 download)

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Book Synopsis The Wealth of Nations Book 1 by : Adam Smith

Download or read book The Wealth of Nations Book 1 written by Adam Smith and published by Createspace Independent Publishing Platform. This book was released on 2017-05-26 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adam Smith's ground braking work in economics, "The Wealth of Nations." Book 1: BOOK I. OF THE CAUSES OF IMPROVEMENT IN THE PRODUCTIVE POWERS OF LABOUR, AND OF THE ORDER ACCORDING TO WHICH ITS PRODUCE IS NATURALLY DISTRIBUTED AMONG THE DIFFERENT RANKS OF THE PEOPLE. CHAPTER I. OF THE DIVISION OF LABOUR. CHAPTER II. OF THE PRINCIPLE WHICH GIVES OCCASION TO THE DIVISION OF LABOUR. CHAPTER III. THAT THE DIVISION OF LABOUR IS LIMITED BY THE EXTENT OF THE MARKET. CHAPTER IV. OF THE ORIGIN AND USE OF MONEY. CHAPTER V. OF THE REAL AND NOMINAL PRICE OF COMMODITIES, OR OF THEIR PRICE IN LABOUR, AND THEIR PRICE IN MONEY. CHAPTER VI. OF THE COMPONENT PART OF THE PRICE OF COMMODITIES. CHAPTER VII. OF THE NATURAL AND MARKET PRICE OF COMMODITIES. CHAPTER VIII. OF THE WAGES OF LABOUR. CHAPTER IX. OF THE PROFITS OF STOCK. CHAPTER X. OF WAGES AND PROFIT IN THE DIFFERENT EMPLOYMENTS OF LABOUR AND STOCK. CHAPTER XI. OF THE RENT OF LAND.

Wage-Led Growth

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Author :
Publisher : Springer
ISBN 13 : 1137357932
Total Pages : 329 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Wage-Led Growth by : Engelbert Stockhammer

Download or read book Wage-Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Managing Without Supervising

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Author :
Publisher :
ISBN 13 : 9780965527613
Total Pages : 0 pages
Book Rating : 4.5/5 (276 download)

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Book Synopsis Managing Without Supervising by : William B. Abernathy

Download or read book Managing Without Supervising written by William B. Abernathy and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Minimum Wages

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Publisher : MIT Press
ISBN 13 : 0262141027
Total Pages : 389 pages
Book Rating : 4.2/5 (621 download)

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Book Synopsis Minimum Wages by : David Neumark

Download or read book Minimum Wages written by David Neumark and published by MIT Press. This book was released on 2008 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.

OECD Employment Outlook 2021 Navigating the COVID-19 Crisis and Recovery

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Publisher : OECD Publishing
ISBN 13 : 9264340335
Total Pages : 404 pages
Book Rating : 4.2/5 (643 download)

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Book Synopsis OECD Employment Outlook 2021 Navigating the COVID-19 Crisis and Recovery by : OECD

Download or read book OECD Employment Outlook 2021 Navigating the COVID-19 Crisis and Recovery written by OECD and published by OECD Publishing. This book was released on 2021-07-07 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2021 edition of the OECD Employment Outlook focusses on the labour market implications of the COVID‐19 crisis. Chapters 1-3 concentrate on the main labour market and social challenges brought about by the crisis and the policies to address them.

A Study of Saving in the United States: Nature and derivation of annual estimates of saving, 1897 to 1949

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Author :
Publisher : Greenwood
ISBN 13 : 9780837109992
Total Pages : pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis A Study of Saving in the United States: Nature and derivation of annual estimates of saving, 1897 to 1949 by : Raymond William Goldsmith

Download or read book A Study of Saving in the United States: Nature and derivation of annual estimates of saving, 1897 to 1949 written by Raymond William Goldsmith and published by Greenwood. This book was released on 1969 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Profits for All

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Publisher :
ISBN 13 : 9781938948008
Total Pages : pages
Book Rating : 4.9/5 (48 download)

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Book Synopsis Profits for All by : Michael Szpindor Watson

Download or read book Profits for All written by Michael Szpindor Watson and published by . This book was released on 2020-02-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Creative destruction is a long-recognized and accepted feature of a dynamic market economy. But can this destruction go too far? Should there be no limit to the number of jobs, families, and even entire communities that are sacrificed for the sake of greater economic production and efficiency? Could it be, as some critics claim, that a drastic fettering of markets is the only solution?Michael Watson and Grattan Brown acknowledge the collateral damage of markets and seek a solution that will temper negative effects without constricting the economic vitality needed for the continued amelioration of material deprivation in our world. Placing remunerative work at the center of their analysis, they identify a promising reform: flexible wage rates. They make the case that permitting compensation to mirror the market more closely will preserve employment, empower workers, and minimize the impact of economic volatility. Understanding that the common good is served by both economic dynamism and family and community stability founded on stable employment, Watson and Brown recommend flexible-wage policies as the best way forward.

Raising Lower-Level Wages

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Author :
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327085
Total Pages : 48 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Raising Lower-Level Wages by : Tomas Hellebrandt

Download or read book Raising Lower-Level Wages written by Tomas Hellebrandt and published by Peterson Institute for International Economics. This book was released on 2015-04-06 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the United States emerges from the Great Recession, concern is rising nationally over the issues of income inequality, stagnation of workers' wages, and especially the struggles of lower-skilled workers at the -bottom end of the wage scale. While Washington deliberates legislation raising the minimum wage, a number of major American employers—for example, Aetna and Walmart—have begun to voluntarily raise the pay of their own lowest-paid employees. In this collection of essays, economists from the Peterson Institute for International Economics analyze the potential benefits and costs of widespread wage increases, if adopted by a range of US private employers. They make this assessment for the workers, the companies, and for the US economy as a whole, including such an initiative's effects on national competitiveness. These economists conclude that raising the pay of many of the lowest-paid US private-sector workers would not only reduce income inequality but also boost overall productivity growth, with likely minimal effect on employment in the current financial context. "It is possible to profit from paying your employees well…and increasing lower-paid workers' wages is the way forward for the United States," argues Adam S. Posen in his lead essay (reprinted from theFinancial Times). Justin Wolfers and Jan Zilinsky argue that higher wages can encourage low-paid workers to be more productive and loyal to their employers and coworkers, reducing costly job turnover and the need for supervision and training of new workers. Tomas Hellebrandt estimates that if all large private sector corporations in the United States outside of sectors that intensively use low-skilled labor increased wages of their low-paid workers to $16 per hour, the pay of 6.2 percent of the $110 million private-sector workers in the United States would increase on average by 38.6 percent. The direct cost to employers would be $51 billion, only around 0.3 percent of GDP. Jacob Kirkegaard and Tyler Moran explore the experience of employers in other advanced countries, with its implications for international competitiveness, and Michael Jarand assesses the impact of a wage increase on the near-term development of the US macroeconomy. Data disclosure: The data underlying the figures in this analysis are available for download in links listed below.

What Does the Minimum Wage Do?

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Author :
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880994568
Total Pages : 489 pages
Book Rating : 4.8/5 (89 download)

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Book Synopsis What Does the Minimum Wage Do? by : Dale Belman

Download or read book What Does the Minimum Wage Do? written by Dale Belman and published by W.E. Upjohn Institute. This book was released on 2014-07-07 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.

Handy Reference Guide to the Fair Labor Standards Act (Federal Wage-hour Law) ...

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Handy Reference Guide to the Fair Labor Standards Act (Federal Wage-hour Law) ... by : United States. Wage and Hour and Public Contracts Divisions

Download or read book Handy Reference Guide to the Fair Labor Standards Act (Federal Wage-hour Law) ... written by United States. Wage and Hour and Public Contracts Divisions and published by . This book was released on 1963 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: