The Profit Paradox : : How Thriving Firms Threaten the Future of Work / / Jan Eeckhout.
A pioneering account of the surging global tide of market power—and how it stifles workers around the worldIn an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are r...
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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2021] ©2021 |
Year of Publication: | 2021 |
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Eeckhout, Jan, author. aut http://id.loc.gov/vocabulary/relators/aut The Profit Paradox : How Thriving Firms Threaten the Future of Work / Jan Eeckhout. Princeton, NJ : Princeton University Press, [2021] ©2021 1 online resource (336 p.) : 5 b/w illus. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- CONTENTS -- 1 Introduction -- PART I. THE ORIGINS OF MARKET POWER -- 2 The Art of Managing the Moat -- 3 Technological Change and Superiority -- PART II. THE HARMFUL CONSEQUENCES OF MARKET POWER -- 4 A Falling Tide Lowers All Boats -- 5 Economy of Stars -- 6 Unequal We Stand -- 7 The Gold Watch Myth -- 8 Rich Suburbanite, Poor Suburbanite -- PART III. THE FUTURE OF WORK AND FINDING SOLUTIONS -- 9 Plenty of Reasons to Be Optimistic -- 10 The Future of Work -- 11 The Quest for Facts -- 12 Putting the Trust Back into Antitrust -- Epilogue -- Acknowledgments -- Notes -- Bibliography -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star A pioneering account of the surging global tide of market power—and how it stifles workers around the worldIn an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil.The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility.A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 01. Dez 2022) Business enterprises Technological innovations. Labor demand. Labor market. Labor supply. Labor. Manpower policy. Wages. Work. Working class. BUSINESS & ECONOMICS / Economics / General. bisacsh AI. Amazon. Apple. Google. antitrust. automation. capital. causes of inequality. data. economic dynamism. falling wages. federal competition authority. future of work. gig economy. how to reduce inequality. inflation. innovation. labor markets. lump of labor fallacy. monopoly. monopsony. new gilded age. polarization. poverty. price increases. rise of market power. salaries. stagnating. stagnation. stock market. superstar effect. superstars. war. Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2021 English 9783110754049 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2021 English 9783110754001 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2021 9783110753776 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2021 9783110753820 ZDB-23-DBV Title is part of eBook package: De Gruyter Princeton University Press Complete eBook-Package 2021 9783110739121 https://doi.org/10.1515/9780691222769?locatt=mode:legacy https://www.degruyter.com/isbn/9780691222769 Cover https://www.degruyter.com/document/cover/isbn/9780691222769/original |
language |
English |
format |
eBook |
author |
Eeckhout, Jan, Eeckhout, Jan, |
spellingShingle |
Eeckhout, Jan, Eeckhout, Jan, The Profit Paradox : How Thriving Firms Threaten the Future of Work / Frontmatter -- CONTENTS -- 1 Introduction -- PART I. THE ORIGINS OF MARKET POWER -- 2 The Art of Managing the Moat -- 3 Technological Change and Superiority -- PART II. THE HARMFUL CONSEQUENCES OF MARKET POWER -- 4 A Falling Tide Lowers All Boats -- 5 Economy of Stars -- 6 Unequal We Stand -- 7 The Gold Watch Myth -- 8 Rich Suburbanite, Poor Suburbanite -- PART III. THE FUTURE OF WORK AND FINDING SOLUTIONS -- 9 Plenty of Reasons to Be Optimistic -- 10 The Future of Work -- 11 The Quest for Facts -- 12 Putting the Trust Back into Antitrust -- Epilogue -- Acknowledgments -- Notes -- Bibliography -- Index |
author_facet |
Eeckhout, Jan, Eeckhout, Jan, |
author_variant |
j e je j e je |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Eeckhout, Jan, |
title |
The Profit Paradox : How Thriving Firms Threaten the Future of Work / |
title_sub |
How Thriving Firms Threaten the Future of Work / |
title_full |
The Profit Paradox : How Thriving Firms Threaten the Future of Work / Jan Eeckhout. |
title_fullStr |
The Profit Paradox : How Thriving Firms Threaten the Future of Work / Jan Eeckhout. |
title_full_unstemmed |
The Profit Paradox : How Thriving Firms Threaten the Future of Work / Jan Eeckhout. |
title_auth |
The Profit Paradox : How Thriving Firms Threaten the Future of Work / |
title_alt |
Frontmatter -- CONTENTS -- 1 Introduction -- PART I. THE ORIGINS OF MARKET POWER -- 2 The Art of Managing the Moat -- 3 Technological Change and Superiority -- PART II. THE HARMFUL CONSEQUENCES OF MARKET POWER -- 4 A Falling Tide Lowers All Boats -- 5 Economy of Stars -- 6 Unequal We Stand -- 7 The Gold Watch Myth -- 8 Rich Suburbanite, Poor Suburbanite -- PART III. THE FUTURE OF WORK AND FINDING SOLUTIONS -- 9 Plenty of Reasons to Be Optimistic -- 10 The Future of Work -- 11 The Quest for Facts -- 12 Putting the Trust Back into Antitrust -- Epilogue -- Acknowledgments -- Notes -- Bibliography -- Index |
title_new |
The Profit Paradox : |
title_sort |
the profit paradox : how thriving firms threaten the future of work / |
publisher |
Princeton University Press, |
publishDate |
2021 |
physical |
1 online resource (336 p.) : 5 b/w illus. |
contents |
Frontmatter -- CONTENTS -- 1 Introduction -- PART I. THE ORIGINS OF MARKET POWER -- 2 The Art of Managing the Moat -- 3 Technological Change and Superiority -- PART II. THE HARMFUL CONSEQUENCES OF MARKET POWER -- 4 A Falling Tide Lowers All Boats -- 5 Economy of Stars -- 6 Unequal We Stand -- 7 The Gold Watch Myth -- 8 Rich Suburbanite, Poor Suburbanite -- PART III. THE FUTURE OF WORK AND FINDING SOLUTIONS -- 9 Plenty of Reasons to Be Optimistic -- 10 The Future of Work -- 11 The Quest for Facts -- 12 Putting the Trust Back into Antitrust -- Epilogue -- Acknowledgments -- Notes -- Bibliography -- Index |
isbn |
9780691222769 9783110754049 9783110754001 9783110753776 9783110753820 9783110739121 |
callnumber-first |
H - Social Science |
callnumber-subject |
HD - Industries, Land Use, Labor |
callnumber-label |
HD5706 |
callnumber-sort |
HD 45706 E35 42021 |
url |
https://doi.org/10.1515/9780691222769?locatt=mode:legacy https://www.degruyter.com/isbn/9780691222769 https://www.degruyter.com/document/cover/isbn/9780691222769/original |
illustrated |
Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
331 - Labor economics |
dewey-full |
331.1 |
dewey-sort |
3331.1 |
dewey-raw |
331.1 |
dewey-search |
331.1 |
doi_str_mv |
10.1515/9780691222769?locatt=mode:legacy |
oclc_num |
1262307672 |
work_keys_str_mv |
AT eeckhoutjan theprofitparadoxhowthrivingfirmsthreatenthefutureofwork AT eeckhoutjan profitparadoxhowthrivingfirmsthreatenthefutureofwork |
status_str |
n |
ids_txt_mv |
(DE-B1597)576257 (OCoLC)1262307672 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2021 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2021 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2021 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2021 Title is part of eBook package: De Gruyter Princeton University Press Complete eBook-Package 2021 |
is_hierarchy_title |
The Profit Paradox : How Thriving Firms Threaten the Future of Work / |
container_title |
Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2021 English |
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