Council of Economic Advisers: Market Power Suppresses Wages, Contributes to $1+ Trillion in Lost Worker Income
The Obama administration’s Council of Economic Advisers publishes landmark research ‘Labor Market Monopsony: Trends, Consequences, and Policy Responses’ documenting how employer market power (monopsony) and product market concentration (monopoly) systematically suppress American …
Council of Economic Advisers
Workers
Dominant firms
monopsony
monopoly
wage-suppression
market-power
wealth-extraction
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