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Power, productivity and profits

Peter Skott () and Frederick Guy ()

UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics

Abstract: New information and communication technologies, we argue, have been 'power-biased': in many industries they have allowed firms to monitor workers more closely, thus reducing the power of these workers. An efficiency wage model shows that 'power-biased technical change' in this sense may generate rising inequality accompanied by an increase in both unemployment and work intensity. JEL Categories: J31, O33

Keywords: power-biased technical change; efficiency wages; inequality; work intensity. (search for similar items in EconPapers)
Date: 2007-01
New Economics Papers: this item is included in nep-lab and nep-pke
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Chapter: Power, Productivity, and Profits (2008)
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