2 ms·
This listing overlooks one of the biggest imbalances that lots of folks seem to overlook: employer monopsony. There are big chunks of the country where one domi
by _jal 6y ago
This listing overlooks one of the biggest imbalances that lots of folks seem to overlook: employer monopsony. There are big chunks of the country where one dominant employer effectively controls employment, either directly or indirectly through the ability to pressure suppliers. Piss off the wrong person and you have a problem.
Of course, people born in those places can theoretically vote with their feet, although most people seem to find that much easier said than done.
https://obamawhitehouse.archives.gov/sites/default/files/page/files/20161025_monopsony_labor_mrkt_cea.pdf https://obamawhitehouse.archives.gov/sites/default/files/pag...