The views expressed here are the author’s own and do not reflect those of the Federal Trade Commission or any of its Commissioners.
The views expressed here are the author’s own and do not reflect those of the Department of Justice.
Due to a lack of competition among employers in the labor market, employers have monopsony power, or power to pay workers less than what the workers contribute to the employers’ bottom line. “Worker power” is workers’ ability to obtain higher wages and better working conditions.
I am deeply grateful to Eric Posner, Sanjukta Paul, Brian Callaci, and the participants of the Reassessing the Chicago School of Antitrust Law Symposium for their helpful comments and suggestions.
