Review: Macroeconomic inequality from Reagan to Trump. Market Power, wage repression, asset price inflation, and industrial decline
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Lance Taylor presents a historical review of salaries and income distribution in the United States, highlighting the changes in the institutional framework, the loss of labor rights, and the social cuts suffered by the working class. He also underscores the role of productivity in sectors with low growth, such as construction, education, health, low-tech entertainment services, food services, transportation, and household utensils. However, it's not all bleak; there are sectors that have shown significant growth, particularly those linked to modern computing, IT, manufacturing, and high-tech activities. “Macroeconomic inequality from Reagan to Trump. Market Power, wage repression, asset price inflation, and industrial decline” provides a detailed analysis of the US economy's internal market dynamics.
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Main Article Content
Lance Taylor presents a historical review of salaries and income distribution in the United States, highlighting the changes in the institutional framework, the loss of labor rights, and the social cuts suffered by the working class. He also underscores the role of productivity in sectors with low growth, such as construction, education, health, low-tech entertainment services, food services, transportation, and household utensils. However, it's not all bleak; there are sectors that have shown significant growth, particularly those linked to modern computing, IT, manufacturing, and high-tech activities. “Macroeconomic inequality from Reagan to Trump. Market Power, wage repression, asset price inflation, and industrial decline” provides a detailed analysis of the US economy's internal market dynamics.