The Swedish Story Is Quite Complicated

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Swedish workers party comes to power in coalition with agrarian party. Their first priority is to sort of increase wages anda create labor demand. They achieve that by setting these industry level wage bargains. But after about 30 years, trade unions started pushing for these wage funds. This would have completely e been a repudiation of the system.

Economist and author Daron Acemoglu of MIT discusses with EconTalk host Russ Roberts the challenge of shared prosperity and the policies that could bring about a more inclusive economy. Acemoglu argues for the importance of good jobs over redistribution and makes the case for the policies that could lead to jobs and opportunities across skill levels.