I'm having a hard time interpreting the following sentence.
Rogers usefully disaggregates two aspects of organization in low- wage labor markets: statutory entitlements for those firms’ workers and the firms’ technological and regulatory sophistication as well as market impact
What does 'statutory entitlement' mean and what is 'technological and regulatory sophistication as well as market impact'?
I know entitlement means ' a right to benefits that is granted especially by law or contract ', but what is 'statutory entitlement'?
I know 'technological" "regulatory", "sophisctication" but I have no idea what "technological and regulatory sophistication" means.
Last but not least, I'm not sure what "market impact" refer to. Is it "(firm's) market impact? or is it impact of the firms’ technological and regulatory sophistication?
Thank you in advance.