Are M.B.A.s to Blame for Wage Stagnation? | Freakonomics Radio | Episode 517

[@gmo2932]

That dean of Berkeley lady was hugely unprepared for those questions without sounding like a complete ass demon. Of course she teaches to maximize company profits and that includes lowering wages and finding anyway to screw everyone except the shareholders, who actually couldn’t care less about profits and now care a lot more about the “potential” of profits and dividends. Good interview with that economist. There is sure something different happening in the last 20 years that is leaving USA middle class behind.

[@cdawg_sf]

They should look at the management consulting overlap with the managers that have the MBA. Didn’t have the data which is a key missing variable IMO

[@edwoodsr]

This episode reminds me of what may be the most frequent phrase in research paper conclusions: this topic needs more research.

[@JohnKerbaugh]

I'd look at parental income, years of work experience before MBA graduation, & founder vs hired into existing business work experience.

[@JohnKerbaugh]

My money is on family class, non-founders, & less low-level work experience.

[@JohnKerbaugh]

If somebody relates less to the people that they are employing, they are more likely to be indifferent to their circumstances and can more easily withhold wage increases.

[@jann9507]

The fact that Innovation is not a metric in the study reveals that such studies are classic useless research- keeping faculty churn out papers with no value.