LaPrensa ? Economia:
El crecimiento de las empresas superestrellas/the rise of superstar companies
In most countries, workers' participation in national income has fallen for about three decades. Why?
26 June 2017
Article by John Van Reenen with Christina Patterson
Perhaps the cause is the "robbery-Apocalypse Now," that companies are replacing expensive people with cheaper machines. We suggest another factor: the rise of superstar companies. Over the last 40 years, more industries have become the "winner takes almost Everything" type. Companies with advantage in costs or quality have always enjoyed higher market shares. But the new giants of our era are left with a much larger fraction of their markets (if not with everything). Think of Amazon.com, Apple and Google, or at Goldman Sachs and Wal-Mart.