Power, productivity and profits
Peter Skott () and
Frederick Guy ()
UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics
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)
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Chapter: Power, Productivity, and Profits (2008)
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