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
Like, for example, in Vermont, you could maybe go to the next one over and, hey, that's also owned by the same employer.
But, you know, that right there is sort of a classic source of monopsony power that there may be less employers around than you may think for the kinds of work that you're doing.
This seems to be true more broadly.
Aaron points to one study that found typical American workers only have about three equal-sized employers within driving distance for their particular employment field.
But even when you move to big cities where people have way more job options, Aaron's work has found that people simply do not quit a job for better-paying jobs in the way that classic labor market theories would predict.
Yeah, maybe they kind of like their commute or they're like, oh, I love my coworkers.
I'll miss them if I leave or, you know, whatever.
And then there's the fact that changing jobs is just a huge pain.
What we call in economics, search frictions.
That employees actually have difficulty
finding out about, applying for, quitting, and taking a new job.
These are costly.
It can be slow.
It can be exhausting.
And it can take a lot of effort, especially when you already have another job.
And it's not just that changing jobs is annoying, which it is.
Aaron says companies intentionally also make it harder for workers to jump ship and change jobs.
I talk about this monopsony by artifice.
Here's an example.
Non-compete agreements.
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