Matt Lucky reviews Noam Schieber’s Mutiny: The Rise and Revolt of the College-Educated Working Class, now out at Macmillan.

Artificial intelligence will change the market for economic consultants, likely reducing overall demand and shifting workers to current clients’ in-house units. However, both consulting firms and clients are still studying how to deploy AI, and there may yet be new opportunities for consultants as AI changes the broader economy, write Mona Birjandi and Mery Zadeh.

Ratib Ali analyzes whether a merger between United and American Airlines would pass merger review according to the 2023 Merger Guidelines and finds that under multiple market definitions, it would substantially lessen competition.

Hannah Pittock argues that current analysis of reverse acquihires misses the core conceptual debate over antitrust’s antiquated treatment of hiring as benign vertical agreements between the laborers (the supplier) and employers (the buyer), in which labor is treated as one input among many.

In new research, Jongkwan Lee, Giovanni Peri, and Hee-Seung Yang assess the effects of a sudden reduction in immigrant workers in South Korea. They find that migrant workers were not easily replaceable by natives, resulting in operational disruptions and firm closures.

The European Union and its member states are quickly updating merger rules to address killer acquisitions and the economics of digital platforms. In a new article published in the Antitrust Law Journal, Anna Tzanaki explores how these endeavors challenge the institutional design of EU merger control and how this design can evolve to tackle new economic and geopolitical problems without forfeiting founding legal principles.