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Treasury Report Emphasizes Competition in Labor Markets

The report estimates that employers’ market power is responsible for approximately 20% lower wages compared to a fully competitive labor market, and notes that the harms that flow from a lack of labor market competition disproportionately impact lower-income occupations.
United States Jonathan Kanter Us Treasury Department American Economy Labor Market Competition Assistant Attorney General Jonathan Kanter

Treasury Report Emphasizes Competition in Labor Markets

The report estimates that employers’ market power is responsible for approximately 20% lower wages compared to a fully competitive labor market, and notes that the harms that flow from a lack of labor market competition disproportionately impact lower-income occupations.
United States Jonathan Kanter Us Treasury Department American Economy Labor Market Competition Assistant Attorney General Jonathan Kanter

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