"What your desire is in a market doesn't matter. You're stuck with, usually, the market rate," he says. "Bargaining power may be mean something differently tan than i mean when i hearn what i hear when you use that phrase." 'There's growing evidence of rising markets, of rising concentration and maybe of risinga monoplony power in the labor market,' Nouriel Roubini adds.
Gabriel Zucman of the University of California, Berkeley talks with EconTalk host Russ Roberts about his research on inequality and the distribution of income in the United States over the last 35 years. Zucman finds that there has been no change in income for the bottom half of the income distribution over this time period with large gains going to the top 1%. The conversation explores the robustness of this result to various assumptions and possible explanations for the findings.