How Antitrust Failed Workers Posner Eric A.
How Antitrust Failed Workers Posner Eric A. A trenchant account of an unacknowledged driver of inequality and wage stagnation in America: the failure of antitrust law to prevent the consolidation of…
Specifikacia How Antitrust Failed Workers Posner Eric A.
How Antitrust Failed Workers Posner Eric A.
A trenchant account of an unacknowledged driver of inequality and wage stagnation in America: the failure of antitrust law to prevent the consolidation of employers, who use their market power to suppress wages.Since the 1970s, Americans have seen inequality skyrocket--and job opportunities stagnate. A missing piece of the puzzle is the consolidation of employers, which has resulted in limited competition in labor markets. There are many theories of why this happened, including the decline of organized labor, changes in technology, and the introduction of tax policies that favored the rich.
In How Antitrust Law Failed Workers, Eric Posner documents the failure of antitrust law to address labor market concentration. This should have been addressed by antitrust law, but was not. Only through reforming antitrust law can we shield workers from employers'