Tag: employer concentration
U.S. industries have become increasingly concentrated in the 21st century, leaving fewer employers in local labor markets. This is not good for workers. The simplest example is a town with one company in the business of producing widgets. The company has little competition when hiring widget workers and can pay them lower wages. A new…
The brief’s key findings are: The labor force participation of prime-age workers has been declining steadily in recent decades. One reason may be the growing concentration of employers in local labor markets, which can lower wages by reducing competition for workers. The analysis finds that, indeed, markets with higher employer concentration are more likely to…
