Monopolies look worse for workers than for consumers
The real problems are the sluggish growth of real wages in recent years and the dangers of market power
Sat, Dec 30, 2017 - 5:50 AM
Economists and policy makers worried about industrial concentration may be focusing too much on the prices companies charge consumers, and not enough on the wages they pay their workers.
MONOPOLY power is a hot topic of economic debate. Economists are starting to ask whether increasing industrial concentration is choking off productivity growth, reducing capital investment, throttling or deterring would-be entrepreneur, raising consumer prices and reducing the...