How America’s Economy Is Designed for Labor Monopsony

Ever wonder why wages have been stagnant for 40 years?

Photo by Nohe Pereira on Unsplash

Some years ago, I learned a new word, “monopsony”. I haven’t been able to get it out of my head since then. I had long known the word “monopoly” and I understood the meaning of that word as a young man. But this business of monopsony, it’s a recurring theme throughout America…