The majority of US workers live in "employment monopsonies" where there is little or no competition for workers

Photo of The majority of US workers live in "employment monopsonies" where there is little or no competition for workers
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In Labor Market Concentration, a new working paper from economists at U Penn, U Navarra and the Roosevelt Institute, researchers analyze a large US government data-set to determine how many workers live in markets where there is effective only one or two employers, a situation called "monoposony" (when a single buyer has a monopoly). (more…)

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#piketty
#usausausa
#class war
#anti-trust
#guillotine watch
#post
#wage stagnation
#late stage capitalism
#chicago school