The Decline of Union Power and Paths to Reform

Labor markets are considered to be "tight" right now, but wage growth continues to lag inflation. For decades, in fact, we've seen a steady decline in worker bargaining power, or labor's share of total income. So what would it take to turn this around? How can workers regain leverage? On this episode of the podcast, we speak with Anna Stansbury, an MIT economist who focuses on labor and macroeconomics. She discusses her research, the decline of labor's share and the role that unionization and other factors play in this long-term trend.

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