St Louis Post Dispatch:
Why the world?s workers are losing to capitalists
25 September 2017
Recently, a lot of attention has focused on the idea that monopoly power might be causing the shift. But the famous paper that draws this connection — by David Autor, David Dorn, Lawrence Katz, Christina Patterson and John Van Reenen — also shows that it can account for perhaps only 20 percent of the change. This means other possible explanations for labor's decline, like increasing automation or globalization, need to be re-examined.
Related publications
‘Concentrating on the Fall of the Labor Share’, David Autor, David Dorn, Lawrence F. Katz, Christina Patterson and John Van Reenen, American Economic Review: Papers & Proceedings, Volume 107(5), May 2017
https://doi.org/10.1257/aer.p20171102