What's really hurting the American worker

Jun 02, 2017

Sections Economics Video

The American worker is losing out. As the US labor share declines, many people blame globalization and automation, or robots doing people’s work. But after analyzing the data, Chicago Booth’s Simcha Barkai has a different view: he says workers are suffering because there’s less and less corporate competition. Increasing that competition to past levels, he says, could raise US wages by up to 20 percent.