Competition issues in labour markets


 5 June 2019  Paris  

A recent fall in the labour share of income has helped fuel rising inequality and populist demand for dramatic reform of competition law. While these pushes cannot find an immediate response in competition law enforcement, they have stirred a debate within the competition community on monopsony and labour market power retained by employers, and on when exercise of employer monopsony power infringes competition law.

In June 2019, the OECD will hold a hearing aimed at discussing the anticompetitive concerns in labour markets. The session will focus on the factors contributing to the creation of monopsony power and its effects on workers and consumers. It will explore why cases involving monopsony power have been relatively rare, and what use competition authorities could make of their enforcement powers to prevent the creation of monopsony power, for example through mergers or no-poaching agreements, and the abuse of that power. Other ways to increase the countervailing market power of workers and to address downward pressure on wages and job losses will also be considered.


Herbert HOVENKAMP  Bio
Professor, University of Pennsylvania, USA

Marshall STEINBAUM Bio
Roosevelt Institute, USA



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» OECD Competition



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