C.P. Chandrasekhar and Jayati Ghosh — Do wage shares have to fall with globalisation?

So the conclusion must be that — while globalisation certainly unleashes forces that reduce labour’s relative power and tends to reduce labour shares of national income — this outcome is not inevitable. It can be countered by progressive economic policies that work actively to shift both the growth strategy and current public fiscal policies in favour of workers (including both wage workers and the self-employed). In a world in which economic inequalities are becoming a matter of increasing political concern, this lesson is absolutely critical.

The Hindu — Business Line
Do wage shares have to fall with globalisation?
C.P. Chandrasekhar, Professor of Economics, Jawaharlal Nehru University, New Delhi and Jayati Ghosh, Professor of Economics and Chairperson at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi
(h/t Yves Smith at Naked Captialism)

See also
Naked Capitalism
C.P. Chandrasekhar and Jayati Ghosh: The Great Jobs Disaster
C.P. Chandrasekhar, Professor of Economics, Jawaharlal Nehru University, New Delhi and Jayati Ghosh, Professor of Economics and Chairperson at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi