As empirical evidence of labor-market concentration mounts, academics and policymakers advance proposals to challenge or reverse its effects on workers’ wages and labor-market options. Prominent among these is more aggressive review of the labor-market effects of mergers by the Department of Justice (“DOJ”) and the Federal Trade Commission (“FTC”). My forthcoming essay, Interagency Merger Review in Labor Markets, argues for an alternative intervention: N.
Increasing evidence of labor market concentration and mergers’ suppressive effects on wages has drawn attention to labor market regulation by antitrust scholars and enforcers, creating an unprecedented reform effort to apply antitrust law to employers. … Read more