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
So Aaron walks us through how to spot what today's monopsony power looks like for us.
I think that the key thing is to start with the, like, what is monopsony power?
Monopsony power means that workers can't easily switch jobs and employers have some degree of choice of what kind of wages or what kind of working conditions to provide.
Now, why did they have this choice?
Why don't you have basically, I pay a little bit lower than the market wage.
Everyone bolts and is gone to the next best alternative.
Why does that not happen?
It's not because we're stuck on spaceships.
That's not the reason.
That's not the reason.
That's like the fifth reason.
But first, because there may be concentrated markets.
Concentrated markets.
So maybe we don't yet have one giant Weyland-Yutani corporation running the world.
But when you look at specific industries within specific geographies, some of those have been consolidating, offering fewer and fewer employers for people to work for.
As industries consolidate, employers tend to be able to reduce pay for workers.
And one example Aaron points to in his book, somebody who is working in the skiing industry.
Ski industry, you know, like 25 years ago, there was a lot of small family-owned hills.
But over the last 25, 30 years, it's become very consolidated.
Interesting.
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