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I think there's a pretty simple microeconomics framework through which someone could make an argument about how one huge player depresses wages. Just think of A
by cepth 8y ago
I think there's a pretty simple microeconomics framework through which someone could make an argument about how one huge player depresses wages. Just think of Amazon as a monopsony, a single buyer of a good, for labor. The Roosevelt Institute, which is left-leaning, did a project on this recently: http://rooseveltinstitute.org/how-widespread-labor-monopsony-some-new-results-suggest-its-pervasive/ http://rooseveltinstitute.org/how-widespread-labor-monopsony....
Noah Smith summarized the findings of another recent economics research paper, which found that there's a significant difference in wages offered in areas with multiple employers hiring for a similar position (https://www.bloomberg.com/view/articles/2017-12-29/monopolies-may-be-worse-for-workers-than-for-consumers https://www.bloomberg.com/view/articles/2017-12-29/monopolie...).