Industry concentration and workers’ wage levels

Abstract

This paper comprehensively reveals the impact of industry concentration on the wage level of workers by profoundly analyzing the panel data of CFPS2016-2020 and the CSMAR database. The findings show that the increase in industry concentration has a significant adverse effect on the wage level of workers. As industry monopoly increases, workers' wage growth may be suppressed. The existence of labour unions significantly weakens the effect of industry concentration on workers' income. Labour unions provide some protection mechanisms for workers.