Bringing the powerful weapons the federal competition authorities have to bear on the problem of monopsony would be a substantial, but necessary departure from recent practice.
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Marshall Steinbaum
Marshall Steinbaum is a Senior Economist and Fellow at the Roosevelt Institute, where he researches market power and inequality. He works on tax policy, antitrust & competition policy, and the labor market, in particular declining entrepreneurship and labor mobility as well as credentialization and its result: the student debt crisis. He is a co-editor of After Piketty: the Agenda for Economics and Inequality (Harvard University Press 2017), and his work has appeared in Democracy, Boston Review, the New Republic, the American Prospect, the Industrial and Labor Relations Review, and ProMarket.
Articles by Marshall Steinbaum:
One Happy Byproduct of 2016: An Overdue Tax Policy Debate
Rich people are much richer than they used to be in large part because they pay much less tax than they used to. This—not technological change, trade, “superstar effects,” “skills gaps,” or “decaying family structure”—explains rising inequality, and it is central to what it means to be rich in the 21st century.
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What Role for Antitrust in the Era of Rising Inequality? The Importance of Power in Supply Chains
Concentration of power in supply chains is a prime mechanism by which dominant companies consolidate power and profits.
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