In Don’t Fear the Robots: Why Automation Doesn’t Mean the End of Work, Roosevelt Fellow Mark Paul challenges the narrative that large-scale automation will imminently lead to mass unemployment and economic insecurity. He debunks the idea that we are on the cusp of a major technological change that will drastically alter the nature of work,

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Increased monopsony in labor markets has allowed corporations to gain outsized power over individuals, leaving workers with less agency over the choices in their lives. Labor market monopsony refers to the concentration of employers and the resulting power they have to shape labor markets to their advantage. More concentration leads to fewer employers who offer

Presentation to the Congressional Antitrust Caucus, Panel Remarks February 16, 2018 Today, economists and average Americans are confused by the same puzzle: We see historically high corporate profits and low corporate investment. In a productive economy, high profits and low investment aren’t supposed to occur simultaneously. So how do we explain what is going on?

Labor economists have traditionally focused on worker-side characteristics, such as education, as the crucial causal variable for explaining outcomes like earnings, unemployment, and inequality. But that point of view depends on labor markets remaining competitive, so workers can earn their marginal product of labor—because if they earned less, they’d leave for another job. What a

Larry Fink’s annual letter to CEOs is making waves for its pronouncement that “companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.” Fink is the head of $6.3 trillion dollar asset manager BlackRock and the leader of a rising chorus calling on companies to stop focusing

The Feds Side Against Alt-Labor

Last week, the Federal Trade Commission voted 2-0 to join the Justice Department’s Antitrust Division in an amicus brief to the 9th Circuit Court of Appeals, siding with the Chamber of Commerce against the City of Seattle’s grant of collective bargaining rights to “independent contractors” working as drivers for Uber, Lyft, taxis, and other ride-sharing

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Presentation to the Congressional Progressive Caucus, Opening Remarks October 5, 2017 Amazon recently bought Whole Foods, following a pro-forma approval by the Federal Trade Commission. Amazon touted its plans to cut prices on popular items on the very day the merger closed, and it advertised those discounts as resulting from the merger. It was as

“Market Power Rising” Panel on Antitrust in the Labor Market, Opening Remarks September 25, 2017 Antitrust policy has typically viewed monopsony power in the labor market as arising from an essentially competitive context—if it exists at all. The maintained assumption in the antitrust orthodoxy has been that the economy is on or near its production

Fighting Short-Termism With Worker Power asks, “Can Germany’s co-determination system fix American corporate governance?” Prioritizing immediate increases in share price and payouts at the expense of long-term business investment and growth—a behavior we refer to as short-termism—has driven the inequality crisis in America and weakened our economy. By comparing the German stakeholder system of co-determination

Progressives should embrace employee ownership as one of the best ways to challenge corporate power from the bottom up and put supporting the growth of worker-owned firms in the center of our strategy. As the economy becomes Uber-ized and dominant firms in all sectors take up more and more market share, structural reforms like better