Jake Rosenfeld is Professor of Sociology at Washington University-St. Louis and the author of You’re Paid What You’re Worth and Other Myths of the Modern Economy (2021) and What Unions No Longer Do (2014).
Books by Jake Rosenfeld
Interviews with Jake Rosenfeld
The Fissured Workplace: Why Work Became So Bad for So Many and What Can Be Done to Improve It
by David Weil
Why Wages Don't Fall During a Recession
by Truman F. Bewley
Nickel and Dimed
by Barbara Ehrenreich
The End of Loyalty: The Rise and Fall of Good Jobs in America
by Rick Wartzman
Relational Inequalities: An Organizational Approach
by Donald Tomaskovic-Devey & Dustin Avent-Holt
Economists have tended to assume that the value of our personal contribution—our marginal product—largely determines what we get paid. In reality, there are many other factors involved that have nothing to do with our qualifications or personal performance. Here Jake Rosenfeld, Professor of Sociology at Washington University in St Louis, explains why it is that senior executive pay growth has shot up in recent decades and why, for workers at the bottom, it has flatlined.