Are Labor Markets Competitive?

When anti-trust cases are brought forward, typically they involve monopolies exercising undue power related to products or services. Rarely do labor issues get the same treatment. Posner points in this episode to why the laws may need strengthening. Issues include stagnant wages, and the use and abuse of non-poaching, non-complete and arbitration clauses in the contracts that workers sign. Add in the practice of gig workers and rising inequality issues related to household wealth, and you can’t find a more-timely topic than this one.

Released today: episode #115 of my podcast series “Dan Hill’s EQ Spotlight,” featuring Eric Posner discussing How Antitrust Failed Workers. Click on https://newbooksnetwork.com/category/special-series/dan-hills-eq-spotlight to get to the new episode.

Images of author --- and his new book titled "How Antitrust Failed Workers" for Dan Hill's EQ Spotlight Podcast, episode number 115, titled "Are Labor Markets Competitive". Available on the "NewBooks Network" Podcast.

Eric Posner is a professor of Law at the University of Chicago. He’s currently on leave and working for the Anti-Trust Division of the U.S. Justice Department. (Note that his views do not necessarily reflect those of the Justice Department.) Two previous books by Posner were each separately chosen as a book of the year in 2018, one by The Economist and the other by The Financial Times.

Dan Hill, PhD, is the president of Sensory Logic, Inc. His latest book available on Amazon is Emotionomics 2.0: The Emotional Dynamics Underlying Key Business Goals.

What Two Steps Can Lift Productivity Most?

Quote by Authors Gary Hamel & Michele Zanini “Deprived of any real influence, employees disconnect emotionally from work.”

In lots of companies, the CEO’s strategic playbook now looks like this: become a de facto monopoly seeking bailouts and other, regulatory advantages through a lobbying budget that rivals the money being spent on research and development. What would be a better way forward for companies and the country alike? Two steps can most help drive innovation and lift productivity. The first is to empower employees. Working in small groups free of middle managers, they will be closer to the action and know best what needs to change. Second, link compensation to contribution. Inspire a groundswell of micropreneurs by ensuring that bonuses reflect results achieved on the ground, rather than funding golden parachutes for those in the C-suite.

Released today: episode #39 of “Dan Hill’s EQ Spotlight,” featuring Michele Zanini, the co-author of The Humanocracy: Creating Organizations as Amazing as the People Inside ThemListen to the clip below and click on the image to get to the new episode via the New Books Network web site.

The authors of Humanocracy are Gary Hamel, who is on the faculty of the London Business School and has been hailed by the Wall Street Journal as the world’s most influential business thinker; and Michele Zanini who, along with Hamel, is the co-founder of the Management Lab and an alumnus of McKinsey & Company and the John F. Kennedy School of Government at Harvard University.

Dan Hill, Ph.D., is the President of Sensory Logic, Inc

Wealth Meets Supposed Legal Might

Zuckerberg shows anger; Bezos shows happiness, anger, fear & sadness; Cook shows surprise, fear and sadness; Pichai shows disgust. All four executives have eyes opened wide, showing anger, fear and surprise.

Yesterday these four tech executives testified via video chat before the antitrust committee of the U.S. House of Representatives’ Judiciary Committee. If you’re a Christian steeped in the Bible’s book of Revelation, their joint appearance might suggest to you The Four Horsemen of the Apocalypse: riders symbolizing pestilence, war, famine, and death. As a consumer or a woebegone business competitor of these four executives, however, you’re more likely to be wondering: who will ever restore our TRUST in antitrust enforcement?

From left to right, you’re viewing three household names and a fourth, Sundar Pichai, who now runs Alphabet (i.e. Google). What do Mark Zuckerberg of Facebook, Jeff Bezos of Amazon, Tim Cook of Apple, and Pichai have in common in these four photographs atop Wednesday’s New York Times article about the pending hearing?  The answer is eyes wide open, as if the four men are alert to seizing on new opportunities as they operate de facto monopolies, or at least duopolies, in domains like online search, online marketplaces, app stores, and advertising sales.

Have unfair, even illegal acts been committed by these tech giants? That’s for Congress and federal prosecutors to decide. Much clearer is that the FBI estimates losses from white-collar crime of between $300 to $600 billion annually. In contrast, the total is $4 billion a year for the blue-collar crimes of burglary and robberies. Don’t waste your energy; you needn’t guess which type of crime has the higher conviction rate.

On Economic Mobility & Learning Capacity

This week’s podcast episode concerns the story of a 150-pound, high school viola player jumped by three plain-clothes police officers who found him “suspicious looking.” Yes, an innocent black kid living in Homewood, a downtrodden neighborhood in Pittsburgh founded by Andrew Carnegie long, long ago, is a far cry from the wealth being generated in Silicon Valley. In today’s video, I briefly address why eyes wide open – curiosity – learning capacity – is emerging as the key to success in life.

Released today: episode #12 of Dan Hill’s EQ Spotlight podcast series, featuring David A. Harris, the author of A City Divided: Race, Fear and the Law in Police Confrontations. Listen to the clip below and click on the image to get to the new episode that appears on the world’s largest book podcast with over 1.2 million downloads monthly.

David A. Harris' photo and his book cover "A City Divided Race, fear, and the Law in Police Confrontations" will be on Dan Hill's EQ Spotlight podcast

How do we move police forces from a warrior culture to connecting better with communities they serve? 

Harris is a professor at the University of Pittsburgh’s law school and is the leading U.S. authority on racial profiling. In addition to also being the author of Profiles in Injustice (2002). Harris hosts the podcast Criminal Injustice.

Topics covered in this episode include:

  • Harris’s vantage point on what the Minnesota legislature got right and only half-right in recently approving a police accountability measure in the wake of the George Floyd killing.
  • Why navigating fear and anger is so hard for both black suspects and the police alike.
  • What role a lack of familiarity – and trust – plays for officers and suspects in trying to avoid escalating their encounters.
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Dan Hill, PhD, is the president of Sensory Logic, Inc.