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Power to the workers? What historical trends suggest about newfound employee influence

August 10, 2022
GZERO Staff
Power to the Workers? What Historical Trends Suggest About Newfound Employee Influence | GZERO World

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During the initial stages of COVID, Americans responded to shortages of basic items by making them domestically.

That's a blip that'll likely end once the economy (really) goes back to normal, says economist and University of Chicago professor Austan Goolsbee.

"Why," he asks Ian Bremmer on GZERO World, "do we have a giant warehouse full of socks that we made here that we could buy on the open market for one third the price, and we could just have shipped here when we need them?"

The same can be said of workers having more bargaining power with corporations. Goolsbee believes that sooner or later employers will regain the upper hand, while remote work will come with strings attached.

Watch the GZERO World episode: Explaining inflation & what's next for the US economy
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