Cratering job quality and weak wage growth in the U.S. have typically been attributed to a combination of technological change, waning worker bargaining power and increased pressures from trade and financial markets. But according to research co-written by a University of Illinois, Urbana-Champaign expert who studies economic sociology, increased industry concentration also has dire consequences for workers’ wages and job quality.
Click here for original story, Industry concentration contributes to job quality erosion, wage stagnation
Source: Phys.org