The Re-emergence of Labor
Income inequality and the fall of organized labor go hand-in-hand. The last 40 years have seen a growth in income disparity and fall in the power of organized labor. Supply chain shortages are shifting the balance of power back toward labor. This might be good for reducing income inequality but will it have a longer term fundamental impact on economic growth rates? On this week’s podcast, Tom and Dylan discuss the reemergence of labor and the need to see them as an asset, not a cost.