Rajshree Agarwal’s research interests focus on the implications of entrepreneurship and innovation for industry and firm evolution. Her recent projects examine the micro-foundations of macro phenomena, linking knowledge diffusion among firms, industries, and regions to the underlying mechanisms of employee entrepreneurship and mobility.
|Amazon’s new $15 per hour minimum wage will force other companies to follow suit.||Disagree||8||“By itself, Amazon lacks the ability to influence labor markets to this degree. Similar to Ford raising its ‘minimum wage’ in the early 20th century, Amazon will attract better talent at the higher price, but this does not mean it will set price for all firms. It cannot ‘force’ as a business organization. Only governments have a legal monopoly on force.”|
|Restrictions on skilled immigration will cause US firms to to shift more operations overseas.||Strongly Agree||10||“This is very consistent with the law of supply and demand in a global market for human capital. And we already see evidence of this phenomenon in U.S. firm operations across the Canadian border.”|
|Uber has to develop self-driving cars in the next 10 years in order to remain viable.||Strongly Disagree||9||“There are many strategic directions a firm can take to renew itself; narrowing the performance outcome to one particular option seems to be unduly restrictive of the potential innovative landscape.”|
|A trade war will be more disruptive to business than to consumers.||Strongly Agree||5||“A trade war is going to impact both businesses and consumers — the immediate effect will likely be felt more in business-to-business transactions, but cumulatively, there will be a lasting impact on consumers.”|
|Concern over consumer privacy will fundamentally limit businesses’ ability to use big data.||Agree||8||“Consumers differ in the value assigned to privacy; policies that ignore differences will result in fundamental limitations to business value creation.”|