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Firms’ Wage-Setting Power: A New Take on Monopsony in the Labor Market
Abstract: Why do some firms seem to pay workers less than what their labor is worth? An economic model gives insights into how wage-setting power arises in modern labor markets.
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https://www.stlouisfed.org/on-the-economy/2025/jul/firms-wage-setting-power-monopsony-labor-market
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2025-07-17