Industry concentration contributes to job quality erosion, wage stagnation

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.

Read the whole article on Physorg

More from Physorg