October 16, 2021
Markets

U.S. antitrust official says competition in labor markets a top concern

WASHINGTON, Oct 1 (Reuters) – The U.S. Justice Department’s acting head of its Antitrust Division said on Friday that labor markets were a top priority for enforcement efforts, indicating a shift toward issues set by the White House’s executive order on competition.

While antitrust enforcers have brought labor antitrust cases in the past, and the Trump Administration’s Justice Department brought one against a no-poach agreement between rail equipment suppliers in 2018, they are rare.

“The division has become increasingly alert to and concerned by business conduct and transactions that harm competition for working people,” said Richard Powers, acting head of the division, in a conference in New York.

Powers added that the coronavirus pandemic made the focus on labor even more critical. “If it was important for enforcers to protect competition in labor markets decades ago, and I believe…

Read full article here: www.reuters.com