Should-Read: Nick Bunker: Markups, macroeconomics, and the changing U.S. economy: "Over the past several decades, the U.S. economy experienced changes in key economic metrics that don’t bode well for the welfare of most people... http://equitablegrowth.org/equitablog/value-added/markups-macroeconomics-and-the-changing-u-s-economy/
...The labor share of income is down. So, too, is the capital share of income. Wages for less-educated workers also fell, as did the movement of workers between jobs. Could there be one key factor behind all of these trends—one aspect of the economy that policymakers could address to reverse these declines? That’s what a recent working paper argues, singling out the rise of companies’ market power as the root cause of so many economic woes...
