Why is Capital So Much Stronger than Labor? | Jared Bernstein | On the Economy:
some of Piketty’s critics point out that there are actually a variety of ways to alter the distribution of market outcomes, aka the primary distribution of income (in contrast to the secondary distribution after taxes and transfers).� These ideas range from more union power to better balance that of capital, higher minimum wages, patent reform, restraints on the financial sector, charging polluters and financial bubble blowers for the negative externalities they generate, direct job creation to tighten the labor market and enforce a more equitable distribution of growth, and more.
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