When a Company Dominates Its Market, Do Employees Benefit?
In most U.S. industries, the biggest firms have a higher market share than they did three decades ago. One study found that 75% of U.S. industries have become more concentrated since the 1990s and that the average size of the largest players in the economy has tripled. A potential concern with this rise in industry concentration is that it reduces workers’ employment options, and thus … [ Read more ]
Content: Article | Author: Wenting Ma | Source: Harvard Business Review | Subject: Economics