Council of Economic Advisers

Council of Economic Advisers: Market Power Suppresses Wages, Contributes to $1+ Trillion in Lost Worker Income

2016-10-01 00:00:00 +0000 UTC | Importance: 9/10

The Obama administration’s Council of Economic Advisers publishes landmark research ‘Labor Market Monopsony: Trends, Consequences, and Policy Responses’ documenting how employer market power (monopsony) and product market concentration (monopoly) systematically suppress American …

Council of Economic Advisers Workers Dominant firms monopsony monopoly wage-suppression market-power wealth-extraction +1 more

Employment Act of 1946 Gutted, Full Employment Guarantee Abandoned

1946-02-20 00:00:00 +0000 UTC | Importance: 8/10

President Truman signs the Employment Act of 1946 on February 20, a dramatically weakened version of the Full Employment Bill of 1945. The original bill would have guaranteed a federal job to every American seeking work and required the government to maintain full employment. After intensive …

Congress Harry Truman National Association of Manufacturers U.S. Chamber of Commerce Council of Economic Advisers +1 more corporate-influence labor-policy economic-policy legislative-capture deregulation