The monopoly power of massive tech platforms has thrust antitrust law back into the spotlight in recent years. But while everyone was focused on monopoly power, a handful of academics have been looking into monopsony power—that is, what happens when a buyer has too much market influence. These researchers have explored how employers in highly concentrated labor markets use anticompetitive methods to suppress wages.

On this episode of the Capitalisn’t podcast, hosts Luigi Zingales and Bethany McLean speak with University of Chicago law professor Eric Posner, author of the book How Antitrust Failed Workers. He makes the case for why regulators need to use the mirror side of antitrust law to tackle increasing monopsony power in the United States.

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