Recommendations

Chapter 9 lays out proposals for change. They range from simple and uncontroversial ones, like requiring the government to collect reliable statistics about the number of jobs lost through mergers and outsourcing, to controversial proposals, like adding labor representation to the corporate boards of directors. Although some antitrust scholars have recently proposed changing merger review to include consideration of the effects on labor, the chapter argues that changing the current process is not feasible. Instead, the chapter proposes the creation of a new government panel to review proposed mergers and outsourcing. The board would assess the expected displacement of labor in comparison with a realistic appraisal of the expected gains to consumers. The chapter argues that the proposed reforms cannot be achieved until the influence of business on Congress is limited. The chapter also deals with political effects, by pointing out that the harm to workers has aggregated over the years, culminating in popular support for both Donald Trump and Bernie Sanders in the 2016 presidential election. There is a dark side to this growing populist movement, however, because disgruntled labor has played a role in nationalistic and fascistic movements during the twentieth century.