4 ms·
From the abstract: Within five years of the appointment of a business manager, wages decline by 6% and the labor share by 5 percentage points in the US, and by
by chadcmulligan 5y ago
From the abstract:
Within five years of the appointment of a business manager, wages decline by 6% and the labor share by 5 percentage points in the US, and by 3% and 3 percentage points in Denmark. Firms appointing business managers are not on differential trends and do not enjoy higher output, investment, or employment growth thereafter.