Year: 2025
Type: article
Abstract: This Article clarifies standards for evaluating whether a firm's unilateral labor market conduct (wage suppression) violates antitrust law. It begins by analyzing suppression of collective bargaining (union busting) as conduct that can violate § 2 of the Sherman Act. This Article is the first to argue that wage suppression can violate § 2 if the conduct (1) harms the competitive process within a labor market and increases monopsony (2) tends to exclude law-abiding rivals from product or service markets; or (3) forecloses any adjacent market. Conduct that satisfies any of these three standards can be restrained with antitrust law. The antitrust standards presented are applicable to any kind of unilateral labor market conduct, including worker misclassification, wage theft, restrictive covenants, employer-driven debt, or child labor.
DOI: 10.5070/lp60065481
Author: Michael Swerdlow
Institution: Columbia University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7075903628
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