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I'm suprised there isn't any mention of the relation between monopoly power and declining worker power. I'm not an economist, but it seems like if a company get
by thayne 6y ago
I'm suprised there isn't any mention of the relation between monopoly power and declining worker power. I'm not an economist, but it seems like if a company gets a monopoly on an industry, it most likely also has a monopsony on workers in that industry, thus reducing the negotiating power of those workers, since they can't go work for another company if their employer treats them badly. At least, not without having to be re-trained to work in a different industry.