Tech, Telecom, E-Commerce Face Sufficient Competition, PPI Says
As the tech-telecom-e-commerce industry outpaces the rest of the U.S. economy, it faces sufficient competition, the Progressive Policy Institute reported Thursday. Productivity in the sector grew almost 60 percent 2007-17, compared with 5 percent in the rest of the non-health…
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private sector, PPI said. “Companies in the tech/telecom/ecommerce sector are subject to sufficient competitive pressures that they are distributing their rapid productivity gains to customers in the form of falling prices -- and to workers in the form of higher pay and more jobs.” The group advises antitrust regulators to weigh potential global competition when considering market concentration and to examine industries sector by sector. “There’s no evidence that today’s tech leaders make up a significantly higher share of the U.S. and global economies compared with past industry leaders,” it said.