#Monopsony

Ioana Marinescu

#Monopsony at #NBERSI! New work in progress by @EDerenoncourt & co-authors shows that voluntary wage increases by the likes of Amazon and Walmart force competitors to post higher wages (see

What some Twitter discourse on how people could possibly work for certain tech companies fails to appreciate is that FANG doesn't just pay well, at mid-levels, it actually pays 2-3X

In our paper, @LHSummers and I argue that the *decline in worker power* is behind many of the major trends that have shaped the American economy in recent decades [1/N](WP

Curt (Libertarian)

WHY CAPITALISM IS BETTER THAN SOCIALISM (thread)Many socialists characterize anti-socialists as reactionaries who are fooled by billionaire propaganda into rejecting policies that would help them or that we don't know

Garrett Broshuis

Two words: ANTITRUST EXEMPTION. Musicians are paid their market value.Minor League ballplayers are not. It's a monopsony.That makes all the difference.https://twitter.com/dgoold/status/1249330448469295105 It's a frequent but horrible take tha

William Gillis 🏴

There's a figure once again going around claiming anarchist collectives in spain saw a 20% increase in productivity. This is way too simple of an account and doesn't really apply

Future of Music Coalition

future_of_music

It doesn’t outweigh the the very bad news about Covid relief negotiations, but there is some good news from Congress: @HouseJudiciary antitrust subcommittee released their investigation of Big Tech. And

Back in November, we learned that Disney had pulled a breathtakingly criminal wage-theft manuever on one of science-fiction's most beloved authors, Allan Dean Foster, an elderly cancer-patient caring for his

The copyright scholar James Boyle (@thepublicdomain) has a transformative way to think about political change. He tells a story about how the word "ecology" welded together a bunch of disparate

New WP! Monopsony and Outside Options (@gregorschub, me, & @Bledi_Taska)How much do workers' outside job options matter for wages? This is important to understand the degree of imperfect competition &

Forgiving US student debt is a no-brainer: as a nation, America has saddled its best-educated young people with a lifetime of debt whose interest serves the parasitic rentier economy while

Marshall Steinbaum 🔥

Alright it’s that time again NEW WORKING PAPER “Common Ownership and the Corporate Governance Channel for Employer Power in Labor Markets”https://marshallsteinbaum.org/assets/common-ownership-labor-market-power-antitrust-bulletin-invi

Noah Smith 🐇

1/A quick thread about anti-tech sentiment in the media. Some folks, like my friend Balaji, believe that the media has intentionally pushed an anti-tech narrative in order to get pageviews...https://twitter.com/balajis/status/1248957097229737985

ChristosArgyropoulos

ChristosArgyrop

This 40% reduction of worsening renal function/need for dialysis seen in the SGLT2i trials (which included pts with Diabetes Type 2, except DAPA-HF/EMPEROR) has some rather implications for the business

Arindrajit Dube

I was asked by the UK Treasury to review intl. evidence on minimum wage, with focus on impact at higher levels.My review is now out. It aims to provide comprehensive,

Thread. I'm gonna make you a "Health Care" berserker. Pharma, hospital & insurance cartels appropriated the language of their adversaries. They have sent out an army of Terminators, programmed for