Gulf News Analysis:
Superstar multinationals need to be put on a tight leash
24 May 2017
As the economists David Autor, David Dorn, Lawrence F. Katz, Christina Patterson, and John Van Reenen show, the US industries with the fastest-growing market concentration have also seen the largest drop in labour’s share of income. This increased market concentration is widening the gap between the firms that own the robots (capital) and the workers whom the robots are replacing (labour).