Monopsony Power in US labour market

This is a syndicated repost courtesy of True Economics. To view original, click here. Reposted with permission.

I have recently written about rising firm power in labour markets, driven by monopsonisation of the markets thanks to the continued development of the contingent workforce: http://trueeconomics.blogspot.com/2018/05/23518-contingent-workforce-online.html. In this, I reference a new paper “Concentration in US labour markets: Evidence from online vacancy data” by  Azar, J A, I Marinescu, M I Steinbaum and B Taska. The authors have just published a VOX blog post on their research, worth reading: https://voxeu.org/article/concentration-us-labour-markets.

 

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