Published Oct 1, 2018

Noah Smith on Worker Compensation, Co-determination, and Market Power

Economist Noah Smith joins Russ Roberts to dissect the complexities of wage stagnation, the influence of market power on economic dynamics, and the potential of co-determination in enhancing worker representation, drawing parallels with Germany's model while weighing its applicability in the U.S.

Episode Highlights

Topics covered

Questions from this episode

Can you explain market volatility and liquidity?
Asked by 24 people

Episode Highlights

Related Episodes

Can a Nation Plunder Its Way to Wealth (with Noah Smith)
Answers 383 questions
Noah Smith on Whether Economics is a Science
Answers 383 questions
Joel Waldfogel on Markets, Choice, and the Tyranny of the Market
Answers 383 questions
Glen Weyl on Antitrust, Capitalism, and Radical Reform
Answers 383 questions
Daron Acemoglu on Innovation and Shared Prosperity
Answers 383 questions
Matt Stoller on Modern Monopolies
Answers 383 questions
Katherine Newman on Low-wage Workers
Answers 383 questions
Debra Satz on Markets
Answers 383 questions
Michael Munger on Free Markets
Answers 383 questions
Bryan Caplan on Discrimination and Labor Markets
Answers 383 questions
Elizabeth Anderson on Worker Rights and Private Government
Answers 383 questions
Vernon Smith on Adam Smith and the Human Enterprise
Answers 383 questions
Mark Warshawsky on Compensation, Health Care Costs, and Inequality
Answers 383 questions
Mike Munger on the Division of Labor
Answers 383 questions
Vernon Smith on Markets and Experimental Economics
Answers 383 questions

Dexa/Russ Roberts

Noah Smith on Worker Compensation, Co-determination, and Market Power

Topics covered

Popular Clips

Excess Volatility

Corporate Profits and the Economy

Wage Stagnation Debate

Market Power Debate

Labor Costs and Evidence

Temp Staffing Agencies

Monopoly Power Debate

Rising Markups, Productivity Slowdown

Growing Monopoly Power

Labor Costs and Efficiency

Stagnating Wages

Correlation vs Causation

The Temp Agency Effect

Questions from this episode

Can you explain market volatility and liquidity?

Episode Highlights

Wage Stagnation Debate

Market Power Influence

Worker Representation

Related Episodes

Can a Nation Plunder Its Way to Wealth (with Noah Smith)

Noah Smith on Whether Economics is a Science

Joel Waldfogel on Markets, Choice, and the Tyranny of the Market

Glen Weyl on Antitrust, Capitalism, and Radical Reform

Daron Acemoglu on Innovation and Shared Prosperity

Matt Stoller on Modern Monopolies

Katherine Newman on Low-wage Workers

Debra Satz on Markets

Michael Munger on Free Markets

Bryan Caplan on Discrimination and Labor Markets

Elizabeth Anderson on Worker Rights and Private Government

Vernon Smith on Adam Smith and the Human Enterprise

Mark Warshawsky on Compensation, Health Care Costs, and Inequality

Mike Munger on the Division of Labor

Vernon Smith on Markets and Experimental Economics

Noah Smith on Worker Compensation, Co-determination, and Market Power

Topics covered

Popular Clips

Questions from this episode

Episode Highlights

Wage Stagnation DebateNoah Smith and Russ Roberts explore the evidence of wage stagnation and the complexities of interpreting wage data. They discuss the importance of using multiple data sources and the impact of rising healthcare costs on perceived wage growth.

Wage Stagnation Debate

Market Power InfluenceThe discussion shifts to the contentious issue of monopoly power and its role in economic changes. Noah Smith and Russ Roberts explore the complexities of market concentration and its effects on labor shares and productivity.

Market Power Influence

Worker Representation

Related Episodes