Daron Acemoglu on Innovation and Shared Prosperity
EconTalk
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The Complex Role of Trade Unions in Wage Distribution
This chapter examines how trade unions affect wages and employment, revealing that while unions may not greatly boost overall wage growth, they do redistribute earnings within industries. It contrasts the U.S. and Scandinavian experiences, arguing that unions can improve wages and work conditions when they work in partnership with employers.
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