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Other than the time Apple and Google (and others) got sued for exactly that[1], some economists believe that the large size of many companies is why wages have
by czinck 7y ago
Other than the time Apple and Google (and others) got sued for exactly that[1], some economists believe that the large size of many companies is why wages have been stagnating. Specifically, that they've become big enough that there's essentially a monopsony on hiring[2].
[1] https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...
[2] https://www.npr.org/sections/money/2019/06/18/733510647/apples-buying-power-and-the-woman-who-named-it https://www.npr.org/sections/money/2019/06/18/733510647/appl... which references https://harvardlawreview.org/wp-content/uploads/2018/12/536-601_Online.pdf?utm_source=npr_newsletter&utm_medium=email&utm_content=20190617&utm_campaign=money&utm_term=nprnews&utm_id=15638468 https://harvardlawreview.org/wp-content/uploads/2018/12/536-...