The Trump administration assures us that ordinary workers will still come out ahead because their corporate tax cuts will lead to a huge surge of investment. There is pretty much zero reason to believe this.
There is actually a possibility that Trump will reappoint Yellen as Fed chair in spite of her being a Democrat. He may be looking for a way to be conciliatory to Democrats and earn himself some good press.
This paper reviews a wide-ranging literature that examines the increased ability of leading firms to extract monopoly rents. It also reviews the more recent and still thin literature on the increase in inequality among workers with similar characteristics but different employers
The problem holding back increased investment in American infrastructure is simple: politicians are simply unwilling to increase public spending in a transparent way.
Trump ratcheted up the existing Republican “illiberal” cultural values agenda, while capturing the progressive critique of the neoliberal economy, especially the critique of globalization.
