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Inequality and the Labor Market
The Case for Greater Competition
Editors:
|
Publisher:
2021
Summary
Exploring a new agenda to improve outcomes for American workers
As the United States continues to struggle with the impact of the devastating COVID-19 recession, policymakers have an opportunity to redress the competition problems in our labor markets. Making the right policy choices, however, requires a deep understanding of long-term, multidimensional problems. That will be solved only by looking to the failures and unrealized opportunities in anti-trust and labor law.
For decades, competition in the U.S. labor market has declined, with the result that American workers have experienced slow wage growth and diminishing job quality. While sluggish productivity growth, rising globalization, and declining union representation are traditionally cited as factors for this historic imbalance in economic power, weak competition in the labor market is increasingly being recognized as a factor as well.
This book by noted experts frames the legal and economic consequences of this imbalance and presents a series of urgently needed reforms of both labor and anti-trust laws to improve outcomes for American workers. These include higher wages, safer workplaces, increased ability to report labor violations, greater mobility, more opportunities for workers to build power, and overall better labor protections.
Inequality in the Labor Market will interest anyone who cares about building a progressive economic agenda or who has a marked interest in labor policy. It also will appeal to anyone hoping to influence or anticipate the much-needed progressive agenda for the United States. The book's unusual scope provides prescriptions that, as Nobel Laureate Joseph Stiglitz notes in the introduction, map a path for rebalancing power, not just in our economy but in our democracy.
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Bibliographic data
Copyright year
2021
ISBN-Print
978-0-8157-3880-0
ISBN-Online
978-0-8157-3881-7
Publisher
Rowman & Littlefield, Lanham
Language
English
Pages
backcover1
Product type
Edited Book
Table of contents
ChapterPages
Table of Contents No access
List of Illustrations No access
Abbreviations No access
Preface No access
Fostering More-Competitive Labor Markets No access Pages 1 - 16
The Legal Case for Reform No access Pages 17 - 34
Labor Market Competition: Framing the Issues No access Pages 35 - 54
Fighting Monopsony: A Lack of Competition that Harms Workers No access Pages 55 - 66
Fair Competition in Labor Markets Requires a Policymaker's Thumb on the Workers' Side of the Scale No access Pages 67 - 84
How Antitrust Law Can Help—Instead of Hurt—Workers No access Pages 85 - 106
Protecting Competition on Behalf of the People: The Role of State Attorneys General in Challening Noncompetes and Other Restraints on Employee Mobility No access Pages 107 - 126
Are Noncompetes Holding Down Wages? No access Pages 127 - 148
Fostering More-Competitive Labor Markets through Transparent Wages No access Pages 149 - 162
Having Their Cake and Eating It Too: Antitrust Laws and the Fissured Workplace No access Pages 163 - 178
Forced Arbitration: A Losing Proposition for Workers No access Pages 179 - 192
Federal Evidence-Based Competition Policy No access Pages 193 - 208
Addressing Labor Market Competition at the State Level No access Pages 209 - 230
