Financial Times
Prof. Anna Stansbury speaks to the Financial Times’ Myles McCormick about a new study that found that chief executives at America’s largest low-wage employers had seen their pay rise 41 percent between 2019 and 2025, while the median worker earned 21 percent more income. “There’s been for several decades a shift in the balance of power from labor to capital in the US,” says Stansbury. “It seems unlikely that what’s happening now...can be used to infer a big secular shift in power beyond the ongoing steady trend that we’ve been seeing for a long time.”