Greg Rosalski
speaker
658 appearances
8 recordings
2 series
first heard Dec 2024
last heard 1 Jul
Greg Rosalski’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Jun 2026 with 3.
Appearances
And when there's only one employer, workers are, how did Aaron put it again, kind of screwed.
Yes, one company, real bad for workers.
Of course, in a company town or, you know, like there's going to be monopsony power, a whale in your tummy.
But this is really a much more endemic feature of the labor market than people have really understood.
As in monopsony power is sneakily hiding all over our current labor market, even money.
when there is more than one company to go work for.
And this, this actually is the part that should land, like the economic version of a surprise alien bursting out of your colleague's chest.
Greg, you want to go with that again?
Wait, am I the alien or the person?
I guess I was wrong.
The monopsony was hiding within us all along.
That's the takeaway here.
Yes.
For decades, economists assumed that labor markets were mostly competitive and that monopsonies, they could be treated like unicorns, you know, only found in rare circumstances.
But Aaron and a growing number of economists, they're finding monopsonies, it's more kind of like a regular horse.
Monopsony power, it's just like much more pervasive than previously thought.
Yes, sure.
Pervasive.
But the key here is that monopsony power that Aaron and other researchers are finding, it's not obvious, like in old mining towns or future space mining companies.
It's kind of with us now sneakily.
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