Posts tagged financial security
Op-ed: When Workers Have Other Options: Rethinking Power in the Multi-Earner Economy
October 5, 2025 // Well, monopsony is the flip side: when one (or just a few) buyers dominate a market. In labor markets, that “buyer” is your employer. And when employers have monopsony power, they can pay you less than what your work is actually worth—because where else are you going to go? Here’s the thing: you don’t need to live in a company town with one employer to experience monopsony power. It happens if the cost of leaving your job is too high. Maybe you need the health insurance.