The20

20.6 The Great Paycheck Killer: How do monopolies lower our wages?

20.6 The Great Paycheck Killer: How do monopolies lower our wages?

VOX noted that when you adjust for inflation “wages for the average worker have risen only by 3 percent since the 1970s — and have actually declined for the bottom fifth.” [original link maintained]

Monopolies kill innovation and eliminate competition, but have they caused wages to decline? And what does this have to do with non-compete clauses? Read on to find out.