It’s not just monopoly and monopsony : How market power has affected American wages
This paper highlights the need to tackle sluggish wage growth and rising inequality with a broad menu of policy interventions that go beyond those provided by competitive models to focus on employer and worker power, and even beyond the antitrust agenda suggested by focusing exclusively on market concentration
Josh Bivens joined the Economic Policy Institute in 2002 and is currently EPI’s director of research. His primary areas of research include macroeconomics, social insurance, and globalization. He has authored or co-authored three books (including The State of Working America, 12th Edition
Lawrence Mishel is a distinguished fellow at the Economic Policy Institute after serving as president from 2002–2017. Mishel first joined EPI in 1987 as research director. He is the co-author of all 12 editions of The State of Working America
John Schmitt became EPI’s vice president on January 1, 2018, returning to where he started his career as an economist from 1995 to 2001. Following his earlier tenure at EPI, he spent 10 years as a senior economist at the Center for Economic and Policy Research (CEPR) and, most recently, was the research director at the Washington Center for Equitable Growth. Schmitt has a Ph.D. and M.Sc. in economics from the London School of Economics.