MBAs (or just Business School Grads) are evil and exist only to destroy (usually) American businesses and the American workforce.
Within five years of the appointment of a business manager, wages decline by 6% and the labor share by 5 percentage points in the US, and by 3% and 3 percentage points in Denmark. Firms appointing business managers are not on differential trends and do not enjoy higher output, investment, or employment growth thereafter. Using manager retirements and deaths and an IV strategy based on the diffusion of the practice of appointing business managers within industry, region and size quartile cells, we provide additional evidence that these are causal effects.
I'm pretty sure that Harvard Business School is a Chinese Communist plot to cede world domination to the Maoist bastards.
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