Description
The reading used for this assignment is Jan Eeckhout, THE PROFIT PARDOX: HOW THRIVING FIRMS THREATEN THE FUTURE OF WORK
[Princeton University Press, 2021] ISBN: 978-0- 691-21447-4
IDENTIFY THE PAGE NUMBERS YOU GOT YOUR ANSWERS FROM
1. Why is wage stagnation not equally distributed?
2. Please identify the strategies successful multinational firms used to increase their market
power.
3. Explain the role of globalization in outsourcing and technological change in increasing the
inequality of compensation among the employees of the firms and increasing inequality
between firms, and explain why countries are looking increasingly alike when it comes to
inequality.
4. “Not only is inequality higher, and wages and labor mobility lower; market power affects
people’s health and it distorts the stock market and the success of small business startups. It
drives a schism through society that can only be remedied by restoring policies.” Please explain
why?
5. Explain how horizontal and vertical acquisitions develop market power with recent examples
from Silicon Valley.
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