Developments in Antitrust Policy Against Labor Market Monopsony.

This article discusses the evolving understanding of labor market power and its implications for antitrust policies. It highlights the high concentration in labor markets and the negative impact on wages. The article also examines the effects of mergers on labor market outcomes, showing that increases in concentration can lead to lower wages and employment. It suggests that regulators should prioritize labor market power when developing antitrust policies and proposes modifications to existing regulatory tools for analyzing labor markets. However, further research is needed to address other harmful practices and determine appropriate levels of labor market concentration. [Extracted from the article]