It’s more than that, I think: if this paper holds up (or if it doesn’t, but the ideas it covers are valid and the practices it’s concerned with later come into being) then it’s describing a mechanism for pushing down worker wages at the individual level, and within potentially any or all bands of the economy toward the market-clearing rate per worker. A market of many workers becomes many markets of one worker.
This is, um, potentially really bad. It’s several effects that already happen in, if you will, chunkier ways in our economy (especially in the US, with weak or absent unions and poor labor protection laws, compared to many other developed states) becoming applied at a much finer level of resolution (so to speak).
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It’s more than that, I think: if this paper holds up (or if it doesn’t, but the ideas it covers are valid and the practices it’s concerned with later come into being) then it’s describing a mechanism for pushing down worker wages at the individual level, and within potentially any or all bands of the economy toward the market-clearing rate per worker. A market of many workers becomes many markets of one worker.
This is, um, potentially really bad. It’s several effects that already happen in, if you will, chunkier ways in our economy (especially in the US, with weak or absent unions and poor labor protection laws, compared to many other developed states) becoming applied at a much finer level of resolution (so to speak).