Word of the Day – Monopsonistic: meaning, usage, and what it implies in today’s economic landscape https://ift.tt/lMrkpXZ

Word of the Day – Monopsonistic describes markets where one or few buyers dominate sellers or workers. In the U.S., over 60% of workers face concentrated hiring markets. That limits job switching. Wages grow slower than productivity. Big employers, hospitals, and platforms set terms using data and scale.