There’s a word for a scenario where there are a lot of workers who are facing only one possible employer: monopsony ... Here are examples of various sectors and companies in the country ...

The inverse of a monopoly, monopsony occurs when a market has a single buyer. Lack of competition from other buyers means the ...

Where a monopoly controls a market by preventing competitors from selling a product, in a monopsony, the buyer holds all the power. A textbook example of monopsony is a milk processor that becomes ...

That’s the power of monopsony, a term coined back in 1932 and now seen everywhere from economics essays to the lips of Supreme Court justices. The flip side of monopoly, a monopsony results when ...