Monopsony

Learn and understand that word.  It means only one buyer (as opposed to monopoly, meaning only one seller).

It is the cause of wage depression and a major contributor to inequality.

Here’s a great article about it from Jonathan Tepper:

http://www.mauldineconomics.com/outsidethebox/why-american-workers-arent-getting-a-raise-an-economic-detective-story

Advertisements

Leave a comment

Filed under Financial

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s