Must-Read: Mark Thoma: To Overcome Rising Inequality, Workers Need More Bargaining Power
Must-Read: To Overcome Rising Inequality, Workers Need More Bargaining Power: “Many people confuse free markets with the textbook ideal of competitive markets…:
Markets that are free from government intervention are also free to accumulate a significant amount of market power. Rising inequality has more than one cause, and solving the problem will require us to attack on several different fronts. A good place to start would be for the government to take a much firmer stand against the economic power that firms have in both the product and labor markets.