A Proposed Pro-Labor Step for Antitrust

Document Type

Article

Publication Date

2-9-2021

Publication Title

Competition Policy International (CPI)

Keywords

markets, merger, competition, labor, marginal costs

Abstract

Decades of aggressive mergers and acquisitions have concentrated markets, which can impose serious harm, including to the workers whose jobs are key targets of merger “efficiencies.” We urge antitrust enforcers to protect both working Americans and healthy markets by specifying that, as a matter of prosecutorial discretion, layoffs of workers will not be considered pro-competitive “efficiencies” that can offset the harms of otherwise anti-competitive mergers.

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