For Minnesota legislators looking for ways to protect workers, an unlikely source has provided an important blueprint. Federal Trade Commission Chair Andrew Ferguson is establishing a Joint Labor Task ...

Wages might be “sticky”, so that they simply do not adjust to market conditions ... of monopoly power and monopsony power, that is, the pricing power in output and labour markets respectively.

If prices were increasing due to increased market ... labor markets and that the stores' unions' collective-bargaining agreements would likely counterbalance "any attempted exercise of monopsony ...

What's more, these companies primarily sell to a single buyer (referred to as a monopsony in economic ... 19 pandemic on supply chains and the labor market. In 2023, 26% of the company’s sales ...

We develop a dynamic macroeconomic framework with worker heterogeneity, putty-clay adjustment frictions, and firm monopsony power to study the distributional impact of labor market policies over time.

This limits employees' options to leave their current organisation and reduces competition in the labour market. Such agreements shift bargaining ... where the wages are kept at the monopsony levels, ...

The number of Americans filing new applications for unemployment benefits fell to a two-month low last week, suggesting labor ...

U.S. applications for jobless benefits fell again last week as the labor market continues to hold up despite fears of a ...

This note delves into recent developments and structural idiosyncrasies in Oman's labor market, highlighting distinct segmentation and limited mobility, which disincentivized upskilling and impeded ...