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On Human Capital By JAMES HESKETT Among others, French economist Thomas Piketty has provided ample evidence of trends in inequality, their causes and their consequences. We’re reminded constantly of the growing compensation gap between senior executives and those in the lower ranks. One of the causes may well be inequities in the ability of executives and frontline labour to negotiate compensation for their skills. In particular, the declining power of unions and the stickiness of minimum wage laws are often cited as factors. A study released last month by a task force of researchers at the Massachusetts Institute of Technology reminds us again how badly those on the front lines, particularly the men without four year degrees who make up two-thirds of American workers, have done in relation to others. We study such trends because the evidence shows that economic equality fosters economic growth, primarily by encouraging consumption among people who spend a lot and invest modestl

United statesThomas pikettyMassachusetts institute of technologyMassachusetts instituteCan we get companiesInvest moreஒன்றுபட்டது மாநிலங்களில்மாசசூசெட்ஸ் நிறுவனம் ஆஃப் தொழில்நுட்பம்மாசசூசெட்ஸ் நிறுவனம்முடியும் நாங்கள் பெறு நிறுவனங்கள்முதலீடு மேலும்