1. Antitrust and Labor Market Power
- Author:
- José Azar, Ioana Marinescu, and Marshall Steinbaum
- Publication Date:
- 05-2019
- Content Type:
- Policy Brief
- Institution:
- Economics for Inclusive Prosperity (EfIP)
- Abstract:
- Starting with the Chicago School’s influence in the late 1970s and 1980s, antitrust enforcement has been weakened under the assumption that market power is justified by economic efficiency. While consumers are the main focus of antitrust enforcement, the weakening of antitrust enforcement has likely also adversely impacted workers, thus contributing to increasing inequality.
- Topic:
- Economics, Labor Issues, Economic Policy, Economic Theory, and Antitrust Law
- Political Geography:
- United States