By Jee-Yeon Lehmann, Federico Mantovanelli, Rebecca Scott and Samuel Weglein (January 3, 2019, 1:34 PM EST) -- Modern U.S. antitrust law is motivated by the protection of consumer welfare. Since the passage of the Sherman Act in 1890 and the Clayton Act in 1914, enforcement agencies have concentrated primarily on safeguarding competition in product markets. More recently, however, regulators have suggested extending this focus to labor markets. Consistent with this evolving view, the Federal Trade Commission organized two panels devoted to antitrust issues in the labor market as part of its October 2018 hearing on competition and consumer protection.[1] In that same month, FTC Chairman Joseph Simons announced that FTC staff have been instructed to "look for potential effects on the labor market with every merger they review."[2]...
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