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I was going to tear your response apart, but I think your logic is actually very correct. This is especially true if the employer is a monopoly. But let's say
by mathattack 13y ago
I was going to tear your response apart, but I think your logic is actually very correct. This is especially true if the employer is a monopoly.
But let's say there are multiple employers competing for the superheroes, each with their own bad guys to hunt down... Then you can get paid more.
- yummyfajitas 13y agoThis has nothing to do with a monopsony. In a perfectly competitive market, wage == marginal product. A monopsonistic situation can drive wages below the marginal product. A monopolistic situation (e.g., multiple school districts, 1 union) can drive it above the marginal product. What I described is simply the ideal situation.
- mathattack 13y agoYes - but the reality in most large cities (where the problems are) is 1 union and 1 employer. Once you get to the suburbs, there is a lot more mobility amongst the teachers. If they don't like a school system, another is 5 miles away.
- krakensden 13y agoIt highly depends on the metro area.