Recent research indicates that labor market power has contributed to wage inequality and economic stagnation. Although the antitrust laws prohibit firms from restricting competition in labor markets as in product markets, the government does little to address the labor market problem, and private litigation has been rare and mostly unsuccessful. One reason is that the analytic methods for evaluating labor market power in antitrust contexts are far less sophisticated than the legal rules used to judge product market power. To remedy this asymmetry, we propose methods for judging the effects of mergers on labor markets. We also extend our approach to other forms of anticompetitive practices undertaken by employers against workers. We highlight some arguments and evidence indicating that market power may be even more important in labor markets than in product markets.
Antitrust Remedies for Labor Market Power
Related Resources
-
From ‘Social Evils’ to ‘Human Beings’: Vietnam’s LGBT Movement and the Politics of Recognition
Phuong, Pham Quynh. 2022. “From ‘Social Evils’ to ‘Human Beings’: Vietnam’s LGBT Movement and the Politics of Recognition.” Journal of Current Southeast Asian Affairs 41 (3): 422–39.
- Open Source Results
- Authors with Diverse Backgrounds
-
Silent Struggles: Women Education Leaders’ Agency for Peacebuilding in Islamic Schools in Post-Conflict Aceh
Lopes Cardozo, Mieke T.A., Rizki Amalia Affiat, Faryaal Zaman, Maida Irawani, and Eka Srimulyani. 2022. “Silent Struggles: Women Education Leaders’ Agency for Peacebuilding in Islamic Schools in Post-Conflict Aceh.” Journal of Peace Education 19 (2): 158–81.
- Open Source Results
- Authors with Diverse Backgrounds