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Written by Nicole Parsons on 2025-01-23 at 00:34

@pluralistic

Monopsonies also suppress wages across entire industries

https://www.epi.org/unequalpower/publications/pervasive-monopsony-power-and-freedom-in-the-labor-market/

https://www.vox.com/the-big-idea/2018/4/6/17204808/wages-employers-workers-monopsony-growth-stagnation-inequality

https://samhillman.substack.com/p/wage-determination-and-labour-market?utm_campaign=post&utm_medium=web

AI algorithms are already being used like Harlan Crow's RealPage -- to manipulate the market in favor of monopolies

https://www.forbes.com/sites/jackkelly/2021/06/18/artificial-intelligence-has-caused--50-to-70-decrease-in-wages-creating-income-inequality-and-threatening-millions-of-jobs/

https://www.bbc.com/worklife/article/20230718-ai-artificial-intelligence-worker-wages-salaries

https://www.theglobeandmail.com/business/article-uber-driver-pay-algorithm-ontario/

Amazon sets wages in stone for warehouses, IT, & distribution systems in several countries.

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