Should-Read: I have never found “power” to be an illuminating and useful word in economics: “threat points”, “default outcomes”, “bargaining strategies”, etc., IMHO, are much more useful ways of thinking about issues. You get somewhere if you ask the question: Why aren’t employers today finding that they must offer higher wage increases to retain and … Continue reading Should-Read: Chris Dillow: Stumbling and Mumbling: Reinventing the wheel