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Not mentioned in the article is another aspect of this: 1 in 10 American workers is now an independent contractor or works for a contract labor firm [1]. When
by mdorazio 8y ago
Not mentioned in the article is another aspect of this: 1 in 10 American workers is now an independent contractor or works for a contract labor firm [1]. When monopsony starts to creep into buyers of contract labor, bargaining power drops and wages stagnate or fall as well [2].
[1] https://www.npr.org/2018/06/07/617863204/one-in-10-workers-are-independent-contractors-labor-department-says https://www.npr.org/2018/06/07/617863204/one-in-10-workers-a...
[2] https://thehill.com/opinion/finance/409876-the-hidden-culprit-behind-stagnant-wages https://thehill.com/opinion/finance/409876-the-hidden-culpri...
- deleted 8y ago[deleted]
- hoaw 8y agoIt interesting/despairing to see that the modern world just seem to end up formalizing age old things like collusion and corruption. So many of these situation are essentially lose-lose-lose. I really wonder if any country will manage to keep on track, or we all wake up when we realize there is competition. It isn't exactly unknown how to be successful as a country, or at least it is pretty well known how to fail. It is weird that everything have become easier, yet more complex. I guess that is why all the super vertically integrated companies are outperforming the rest of society.