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The Profit Paradox: How Thriving Firms Threaten The Future Of Work,New
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A Pioneering Account Of The Surging Global Tide Of Market Powerand How It Stifles Workers Around The Worldin An Era Of Technological Progress And Easy Communication, It Might Seem Reasonable To Assume That The Worlds 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 Powerthe 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 Advancementsacquiring 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.A Provocative Investigation Into How Market Power Hurts Average Working People, The Profit Paradox Also Offers Concrete Solutions For Fixing The Problem And Restoring A Healthy Economy.
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- Q: How many pages does the book have? A: This book has three hundred thirty-six pages. It provides a comprehensive look at market power and its effects on workers.
- Q: What is the binding type of this book? A: The binding type is hardcover. This ensures durability and longevity for readers.
- Q: Who is the author of 'The Profit Paradox'? A: The author is Jan Eeckhout. He is an economist known for his research on market power.
- Q: What topics are covered in this book? A: The book covers market power, wage stagnation, and inequality. It also discusses potential solutions to these issues.
- Q: Is this book suitable for general readers? A: Yes, this book is suitable for general readers. It is written in an accessible manner, making complex topics understandable.
- Q: How can I apply the insights from this book? A: You can apply insights by understanding market dynamics and advocating for competition. The book offers practical solutions for a healthier economy.
- Q: Is there a specific audience for this book? A: The book is suitable for anyone interested in economics and social issues. It appeals to both students and professionals.
- Q: What is the main argument of 'The Profit Paradox'? A: The main argument is that increased market power harms workers and leads to economic inequality. It stresses the need for competitive mechanisms.
- Q: Will this book help me understand economic inequality? A: Yes, it provides a clear explanation of how market power contributes to economic inequality. It also discusses historical context.
- Q: Can I find solutions to economic issues in this book? A: Yes, the book offers concrete solutions to address market power problems. It is both analytical and prescriptive.
- Q: What should I do if I receive a damaged book? A: If you receive a damaged book, contact the seller for a return or replacement. Most sellers offer customer support for such issues.
- Q: What is the return policy for this book? A: The return policy typically allows returns within thirty days of purchase. Check with the retailer for specific details.
- Q: Is there a warranty for this book? A: No, books generally do not come with a warranty. However, you can inquire about return options.
- Q: What if I have questions about the book's content? A: If you have questions about the content, consider joining a discussion group or reading reviews online for different perspectives.
- Q: How should I store this hardcover book? A: Store the hardcover book upright on a shelf. Avoid exposure to direct sunlight to preserve its condition.