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by mrkandel 311 days ago
>Using difference-in-differences designs exploiting these sharp consulting events, we find positive effects on labor productivity of 3.6% over five years, driven by modest employment reductions alongside stable or growing revenue. Average wages rise by 2.7% with no decline in labor’s share of value added, suggesting productivity gains do not come at workers’ expense through rent-shifting.

Snide internet comments are once again wrong...

2 comments

one paper does not gospel make. especially since it's apparently going against what most other economists believe "...to a rent-shifting view favored by many economists. "
^ Snide internet comment that is wrong