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- May 22, 2011
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Thanks for just completely ignoring the paper I sent you that explains exactly how these massive firms have brought the labor share down to historic lows. I'm not going to argue with you when you just totally ignore the evidence that I present.
This exchange started with you declaring total opposition to monopoly power (in a post that referenced government-regulated natural monopolies), which then immediately stated some companies need to be broken up, I asked which, and you said Amazon.
Since then, you've basically just pivoted and gone on a tangent. The paper you sent did not explain "exactly how firms have brought the labor share down," it just correlates long-term firm growth to long-term decline in labor's share of GDP. Which is fine (obvious, even), but none of it supports the idea that large firms are monopolies that need to be broken up.