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A book on why most things are more expensive or lower quality, and why we're all still working long hours for the same or lower wages. Does it ever seem like most things you buy are more expensive or not as good as they once were, or both? Does it ever seem odd that, despite having access to much better communication and cheaper transportation, we're all working just as many hours and for the same wages as workers decades ago? Well, we now know you're not wrong to wonder about these things. In recent years, economists have been documenting how most of the gains from technology and globalization have been going to an increasingly concentrated number of huge businesses, at the expense of consumers and workers. Prices are higher and wages are lower. The reason is market power. One of the first to authoritatively document the rise of market power was Jan Eeckhout. In this book, he will explain for a general audience how large firms have faced increasingly little competition, allowing them to charge higher prices than they otherwise could. And how we, as consumers, pay more for many goods and services-"everything from a bottle of beer to a flight to Houston to our grandmother's prosthetic hip." As a result, business profits have soared since 1980, and just a few "mega firms" dominate the marketplace. Eeckhout shows how the rise in market power has had radically negative effects on work and the lives of workers-trends that, if not reversed, may cause historical corrections in the form of wars and market collapse. Drawing on a wealth of research and the stories of working people, The Profit Paradox will explain in clear language the rise of market power, how it could change the world further if left unaddressed, and how we can tackle the problem.

Business enterprises --- Labor market. --- Manpower policy. --- Wages. --- Work. --- Working class. --- Technological innovations. --- Labor market --- Manpower policy --- Work --- Wages --- Working class --- Commons (Social order) --- Labor and laboring classes --- Laboring class --- Labouring class --- Working classes --- Social classes --- Labor --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Industry (Psychology) --- Method of work --- Work, Method of --- Human behavior --- Occupations --- Work-life balance --- Employment policy --- Human resource development --- Labor market policy --- Manpower utilization --- Labor policy --- Labor supply --- Trade adjustment assistance --- Employees --- Market, Labor --- Supply and demand for labor --- Markets --- Technological innovations --- Employment --- Government policy --- Supply and demand --- #SBIB:33H041 --- #SBIB:33H061 --- #SBIB:316.334.2A340 --- #SBIB:316.334.2A60 --- Economische ontwikkelingen en bewegingen --- Productiefactoren --- Arbeidssociologie: ongelijkheden op de arbeidsmarkt: algemeen --- Economische sociologie --- 331 --- 338.5 --- 658.114 --- 330.172 --- arbeid --- prijzen - prijzenevolutie - prijsstijgingen (zie ook 330.13) --- private sector - privé-sector - privé-ondernemingen - private ondernemingen --- vrije economie - economisch liberalisme (zie ook 301.152.301) --- BUSINESS & ECONOMICS / Economics / General. --- AI. --- Amazon. --- Apple. --- Google. --- antitrust. --- automation. --- capital. --- causes of inequality. --- data. --- economic dynamism. --- falling wages. --- federal competition authority. --- future of work. --- gig economy. --- how to reduce inequality. --- inflation. --- innovation. --- labor markets. --- lump of labor fallacy. --- monopoly. --- monopsony. --- new gilded age. --- polarization. --- poverty. --- price increases. --- rise of market power. --- salaries. --- stagnating. --- stagnation. --- stock market. --- superstar effect. --- superstars. --- war. --- Sociology of work --- Economic sociology --- Labour economics --- UCLL --- Arbeidsmarkt --- Vrije markteconomie --- Macro-economie --- Marktvormen --- E-books --- Business enterprises - Technological innovations --- Marché du travail. --- Économie politique. --- Économie de marché.