Monopsony in Labor Markets: An Under Discussed Cause of Inequality
Nov 3 · 4 min read
Monopolies are generally agreed upon as bad things because they lead to higher prices, less supply, and lower innovation. The US has an existing system built out to prevent their creation through antitrust laws like the Sherman Act and agencies like the Federal Trade Commission (FTC). There are several famous examples from the past of antitrust cases concerning companies like Microsoft and AT&T. Concerns about monopolization around the largest US tech companies today regularly make headlines like here, here, and here.

