Author Description

Antitrust Law Has Very Rarely Been Used By Workers To Challenge Anticompetitive Employment Practices. Yet Recent Empirical Research Shows That Labor Markets Are Highly Concentrated, And That Employers Engage In Practices That Harm Competition And Suppress Wages. These Practices Include No-poaching Agreements, Wage-fixing, Mergers, Covenants Not To Compete, And Misclassification Of Gig Workers As Independent Contractors. This Failure Of Antitrust To Challenge Labor-market Misbehavior Is Due To A Range Of Other Failures-intellectual, Political, Moral, And Economic. And The Impact Of This Failure Has Been Profound For Wage Levels, Economic Growth, And Inequality. In Light Of The Recent Empirical Work, It Is Urgent For Regulators, Courts, Lawyers, And Congress To Redirect Antitrust Resources To Labor Market Problems. This Book Offers A Strategy For Judicial And Legislative Reform-- Labor Monopsony In The United States -- The Failure Of Antitrust -- Collusion -- Monopsony -- Mergers -- Noncompetes -- The Limits Of Antitrust -- Employment And Labor Law: Old And New Directions -- The Gig Economy And Independent Contractors -- Conclusion: Whither Work? Eric A. Posner. Includes Bibliographical References (pages 167-196) And Index.