Example: air traffic controller
Monopsony Power
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The Link Between Wages and Productivity Is Strong
www.aspeninstitute.orgJan 03, 2019 · understanding of “monopsony power” in the labor market.) These firms might be seeking workers who have a hard time changing jobs, such that higher wages are required to induce mobility. Firms that have a hard time monitoring their workers might pay higher wages in order to increase the costs workers face from slacking