Document Type

Article

Publication Date

11-2-2021

Abstract

President Biden’s recent Executive Order on Promoting Competition brought much-needed attention to labor market concentration, employer collusion, and abusive employment contracts that suppress wages and diminish labor’s share of national income. But while the Order recognized the necessity of a “whole-of-government” approach to employers’ monopsony power over workers, it could go further to more fully tackle the sources of that power and mobilize the collective resources of government to combat them.

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