> To use the language of antitrust, these companies are a cartel that is using its monopsony power to drive down demand for labor. Except there is absolutely n

> To use the language of antitrust, these companies are a cartel that is using its monopsony power to drive down demand for labor. Except there is absolutely no reason to believe this at all. Author is just making stuff up. If they were doing that, it would be to cut wages; layoffs are not part of it.