The Rise of Monopsony Power in the Labor Market

Increasingly, economists are concluding that employers have monopsony power in the labor market, meaning they can suppress wages by choosing to set lower wages. This session discussed the role of monopsony power in the labor market, the evidence of it, and the policies that can address it to deliver higher wages and higher employment.

Arindrajit Dube, University of Massachusetts Amherst
Alexander Hertel-Fernandez, Columbia University
Moderator: Kate Bahn, Washington Center for Equitable Growth