La paradoja del beneficio

Some people think that since we live in a time of unprecedented technological advances, workers have never enjoyed better working conditions. But the reality is that wages have stagnated while the cost of living continues to rise. Over the last forty years, a handful of companies have reaped most of the benefits of this progress, and instead of passing the benefits of these advances on to consumers by lowering prices, they have raised prices, which has helped increase inequality and curb social mobility. Drawing on his own groundbreaking research and telling stories of ordinary employees, Jan Eeckhout demonstrates how the power of an economy controlled by "superstar" companies has stifled the labor market and how, without better mechanisms to ensure competition, this system leaves us disastrous economic, social and political consequences. The paradox of profit is a provocative study, but also an interesting proposal for solutions to restore a healthier economy.