000			02846cam a2200361 i 4500
999			_c2077 _d2077
003			OSt
005			20250106120939.0
008			220509s2022 nju b 001 0 eng
020			_a9780691224299 _q(paperback)
020			_a9780691214474 _q(cloth)
020			_z9780691241715 _q(ebook)
040			_aDLC _beng _erda _cDLC
100	1		_aEeckhout, Jan, _97366
245	1	4	_aThe profit paradox: how thriving firms threaten the future of work _cwith a new afterword by the author.
250			_aPaperback edition.
264		1	_aPrinceton : _bPrinceton University Press, _c2022.
300			_aviii, 339 pages ; _c21 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references (pages 299-325) and index.
520			_aIn an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. _cProvided by publisher.
650		0	_aLabor market. _97367
650		0	_aManpower policy. _97368
650		0	_aBusiness enterprises _xTechnological innovations. _97369
650		0	_aWork. _97370
650		0	_aWages. _97371
650		0	_aWorking class. _97372
856			_3Details (Publisher) _uhttps://press.princeton.edu/books/hardcover/9780691214474/the-profit-paradox?srsltid=AfmBOooOhjJz9VXw95IXAad-ajnpNEJDZpVs7tmHbNijFA7bMsrgusXO
906			_a7 _bcbc _corignew _d2 _eepcn _f20 _gy-gencatlg
942			_2JEL _cBO