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 d 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. Labor Market Competition 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.
Sharon Block is the Executive Director of the Labor and Worklife Program at Harvard Law School, where she also teaches. Prior to coming to Harvard, she served eight years in the Obama Administration in senior positions at the Department of Labor, the National Labor Relations Board and the White House.Benjamin H. Harris is the Chief Economist with Results for America and the Executive Director of the Kellogg Public-Private Interface at Northwestern University. He previously served as Chief Economist to Vice President Joe Biden in the Obama White House.
List of Illustrations Abbreviations Preface 1. Fostering More-Competitive Labor Markets 2. The Legal Case for Reform 3. Labor Market Competition: Framing the Issues 4. Fighting Monopsony: A Lack of Competition that Harms Workers 5. Fair Competition in Labor Markets Requires a Policymaker's Thumb on the Workers' Side of the Scale 6. How Antitrust Law Can Help Instead of Hurt Workers 7. Protecting Competition on Behalf of the People: The Role of State Attorneys General in Challenging Noncompetes and Other Restraints on Employee Mobility 8. Are Noncompetes Holding Down Wages? 9. Fostering More-Competitive Labor Markets through Transparent Wages 10. Having Their Cake and Eating It Too: Antitrust Laws and the Fissured Workplace 11. Forced Arbitration: A Losing Proposition for Workers 12. Federal Evidence-Based Competition Policy 13. Addressing Labor Market Competition at the State Level Contributors Index
"This volume offers ideas on how we can rewrite the rules of the economy to make the labor market more competitive and prevent the anticompetitive practices that employers have systematically used to increase their market power. This volume also provides a rich policy agenda for how to redress these imbalances an essential component in protecting our democracy." Joseph Stiglitz, Nobel Laureate and professor, Columbia University
