Thirty Years Of Falling Union Membership
Falling union membership could be one of the factors causing profits to grow so much faster than wages across the West, according to a new study from Natixis economist Patrick Artus.
“In most OECD countries (the exceptions being France and Italy), the trend has been for a distortion of income in favour of profits,” writes Artus. “In some cases this distortion is such that household demand is reduced without being offset by a rise in business investment.”
He proposes three possible reasons for . . .
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