One of the reasons that wage growth in America is stagnant, even while the country is at full employment, is that large corporations now employ more Americans than at any time in the last generation. According to the Congressional Research Service, only about 30% of net new jobs in America are created by large companies, but a little over 50% of Americans now work for them. This combined with the decline of organized labor and a drop in entrepreneurship has given large employers significant leverage over the wages and benefits they offer their employees.
