Description
Book Synopsis: 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. 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. A missing piece of the puzzle is the consolidation of employers, which has resulted in limited competition in labor markets. This should have been addressed by antitrust law, but was not. In How Antitrust Law Failed Workers, Eric Posner documents the failure of antitrust law to address labor market concentration. Only through reforming antitrust law can we shield workers from employers' overwhelming market power.
Antitrust law is well-known for its role in combatting mergers, price-fixing arrangements, and other anticompetitive actions in product markets. By opposing these practices, antitrust law enhances competition among firms and keeps prices low for goods and services. Less well-known, antitrust law also applies to anticompetitive conduct by employers in labor markets, which pushes wages below the competitive rate. Yet there have been few labor market cases or enforcement actions, and almost no scholarly commentary on the role of antitrust law in labor markets. This book fills the gap. It explains why antitrust law has failed to address labor market concentration, and how it can be reformed so that it does a better job.
Essential reading for anyone interested in fighting economic inequality, How Antitrust Failed Workers also offers a sharp primer on the true nature of the American economy--one that is increasingly uncompetitive and tilted against workers.
Details
Are you tired of working harder and harder, yet seeing your wages go nowhere? It's time to uncover the hidden reason behind this inequality. Introducing "How Antitrust Failed Workers", a groundbreaking book that reveals the shocking truth about the failure of antitrust law in preventing employer consolidation, leading to suppressed wages and limited job opportunities. With decades of research and analysis, author Eric Posner exposes the unseen forces that have contributed to the alarming rise in inequality since the 1970s.
But why has antitrust law turned a blind eye to the consolidation of employers? This crucial question is answered in "How Antitrust Failed Workers". Posner meticulously outlines the decline of organized labor, changes in technology, and biased tax policies that have favored the rich. However, the missing piece of the puzzle is the lack of competition in labor markets due to employer consolidation. By understanding this overlooked aspect, we can begin to address the root cause of wage stagnation and inequality.
Now is the time for action! Through comprehensive reform of antitrust law, we have the power to protect workers from the overwhelming market power of employers. "How Antitrust Failed Workers" is not just a critique of the current system; it's a call to arms for change. Posner expertly lays out the evidence and proposes practical solutions, ensuring that every hardworking individual has a fair shot at economic success.
If you are truly committed to fighting economic inequality and creating a level playing field for all workers, "How Antitrust Failed Workers" is essential reading. This eye-opening book not only exposes the flaws of our current economic landscape but also serves as a primer on the true nature of the American economy. Discover how the system has become increasingly uncompetitive, disadvantageous to workers, and what we can do to turn the tide.
Don't miss out on this opportunity to empower yourself with knowledge and be part of the solution. Take the first step towards a fairer economy by ordering your copy of "How Antitrust Failed Workers" now. Together, we can make a difference.
Order your copy of "How Antitrust Failed Workers" today and join the movement for economic justice and equality!
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