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Bargaining Clout of Employers - Monopsony Power

Geoff Riley

31st May 2015

A hat tip to Katherine Fey for tweeting about this excellent short article posted on the World Economic Forum blog. Most economists agree that the balance of power in the U.K. labor market has shifted toward employers shown for example in the rise of zero hours contracts. The article looks at monopsony power in and suggests we should pay more attention to it when studying the economics of the labour market.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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