“When a firm has a large share of the industry’s employment, the gap between the value of the work a worker does, and the wage they’re paid in return, tends to grow.”
An excellent discussion of monopsony power from @1RossGittins theage.com.au/business/the-e… #auspol #ausecon
"When a firm has a large share of the industry’s employment, the gap between the value of the work a worker does, and the wage they’re paid in return, tends to grow."
An excellent discussion of monopsony power from @1RossGittins https://t.co/fqH3Uui0Lf #auspol #ausecon
— Andrew Leigh (@ALeighMP) March 17, 2023