> find that in areas where there are fewer employers in an industry, workers in that industry earn lower wages. > [...] > Together with the evidence on minimu

> find that in areas where there are fewer employers in an industry, workers in that industry earn lower wages. > [...] > Together with the evidence on minimum wage, this new evidence suggests that the competitive supply-and-demand model of labor markets is fundamentally broken. How does that contradict supply and demand? Less employers = less supply of jobs = oversupply of workers = downward pressure on salaries.