POLICY AND PRACTICE - Professor Jan Eeckhout on Rising Profits and Bad Consequences

The Profit Paradox describes how a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. The consequences are immense, from unnecessarily high prices, to fewer startups that can compete, to rising inequality and stagnating wages. Jan Eeckhout also offers concrete solutions about how to fix the problem and restore a healthy economy.