Brain357
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- Mar 30, 2013
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- #301
Did you bother reading the link? Here you go:I see you are oblivious. Shocking. It is all around us.Our economy is full of near monopolies, we need to fix that. We have to make sure the wage collusion stops. We need to get rid of right to work for less laws. We need to get rid of non compete agreements. We need to really give workers some power.Clearly it is you who is lying and confused. You haven't come close to making a good point yet. Wages are weak but where they are increasing the most they increased min wage. I am not arguing for status quo at all. I've stated all the issues with the economy. Trump is doing nothing about them and making some worse.
What is the major change to the status quo that you support?
"Near monopolies"? Iike What? How would you fix that and what do you imagine the major impact would be?
America Has A Monopoly Problem
Without realizing it, we’ve become a nation of monopolies. A large and growing part of our economy is “owned” by a handful of companies that face little competition.
They have no incentive to deliver better products or to get more efficient. They simply rake in cash from people who have no choice but to hand it over.
This would be impossible if we had true capitalism.
Across industries, the U.S. has become a country of monopolies.
- Three companies control about 80% of mobile telecoms. Three have 95% of credit cards. Four have 70% of airline flights within the U.S. Google handles 60% of search. The list goes on. (h/t The Economist)
- In agriculture, four companies control 66% of U.S. hogs slaughtered in 2015, 85% of the steer, and half the chickens, according to the Department of Agriculture. (h/t Open Markets Institute)
- Similarly, just four companies control 85% of U.S. corn seed sales, up from 60% in 2000, and 75% of soy bean seed, a jump from about half, the Agriculture Department says. Far larger than anyone — the American companies DowDuPont and Monsanto.
- As we have reported, some economists say this concentration of market power is gumming up the economy and is largely to blame for decades of flat wages and weak productivity growth.
So, if you broke up the phone "monopolies", how would the make things better? Cause right now, the biggest issue with phones, imo, is the way people use them, nothing with the phones themselves.
As we have reported, some economists say this concentration of market power is gumming up the economy and is largely to blame for decades of flat wages and weak productivity growth.