Eric A. Posner

Labor market monopsony exists when firms can wield outsized power to offer lower wages. Though antitrust enforcement can address monopsony, it isn’t enough; more robust labor regulations and protections are necessary, especially in markets characterized by low concentration and little use of anticompetitive practices. In Antitrust-Plus: Evaluating Additional Policies to Tackle Labor Monopsony, Roosevelt Fellow

The United States has a labor monopsony problem. Though legal tools are already in place to combat monopsony, they have only been used against the most obvious forms of anticompetitive conduct like no-poaching agreements. More generally, there has been virtually no enforcement against abuses of monopsony power in labor markets. In a Roosevelt Institute working