{"product_id":"how-antitrust-failed-workers-hardcover","title":"How Antitrust Failed Workers - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eEric A. Posner\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eA 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. \u003cbr\u003e\u003c\/strong\u003e\u003cbr\u003eSince 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 \u003cem\u003eHow Antitrust Law Failed Workers\u003c\/em\u003e, 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. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eAntitrust 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. \u003cp\u003e\u003c\/p\u003eEssential reading for anyone interested in fighting economic inequality, \u003cem\u003eHow Antitrust Failed Workers\u003c\/em\u003e also offers a sharp primer on the true nature of the American economy--one that is increasingly uncompetitive and tilted against workers.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cstrong\u003eEric A. Posner\u003c\/strong\u003e is Kirkland and Ellis Distinguished Service Professor of Law, University of Chicago. His most recent books are \u003cem\u003eRadical Markets\u003c\/em\u003e (with Glen Weyl), which was named a best book for 2018 by\u003cem\u003e The Economist\u003c\/em\u003e; and \u003cem\u003eLast Resort: The Financial Crisis and the Future of Bailouts\u003c\/em\u003e, which was named a best book for 2018 by \u003cem\u003eThe Financial Times\u003c\/em\u003e. He is of counsel at MoloLamken LLP, a fellow of the American Academy of Arts and Sciences, and a member of the American Law Institute. He has written extensively for popular media outlets, including \u003cem\u003eThe New York Times\u003c\/em\u003e, \u003cem\u003eThe Wall Street Journal\u003c\/em\u003e, and\u003cem\u003e The Washington Post\u003c\/em\u003e, and testified before Congress.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 224\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.9 x 9.4 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 10, 2021\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":47328448348409,"sku":"9780197507629","price":45.34,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0789\/2782\/3097\/files\/o1B-ExxIaj9780197507629.webp?v=1769592565","url":"https:\/\/bookscloud.io\/products\/how-antitrust-failed-workers-hardcover","provider":"BooksCloud Book Dropshipping","version":"1.0","type":"link"}