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Odd Lots

Anna Stansbury on How to Boost Worker Bargaining Power

Aug 4, 2022
In this discussion, Anna Stansbury, an MIT economist specializing in labor economics, reveals the troubling decline of worker bargaining power and its impact on wage growth. She explains how inflation complicates workers' purchasing power and the long-term reduction of labor's income share. Stansbury advocates for reforms like sectoral bargaining to strengthen unions. She compares U.S. and European labor models, emphasizing the importance of representation and corporate concentration's role in negotiations. It's a deep dive into how to empower today's workforce.
49:49

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