Why American workers are in a rut: Employer concentration may have distorted the US labour market beyond repair
It’s intuitive: if you lost your job, would you want there to be one employer in your city or one thousand? The more firms that can hire you, the better off you are. Employer concentration means most US labour markets are moving away from 1,000 employers and towards one. Even if that one employer is a high-growth, high-paying, high-productivity firm, it would still be better for workers to have more firms to choose from.
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