How Big Firms Keep Wages Low

When Employers Get Bigger, Wages Get Smaller: A Primer on Monopsony

Economists are offering up a theory called “monopsony” to explain low pay. Employers also gain power over workers with an employee contract called noncompetes. New research out of Universities of Maryland and Michigan reveal what most readers already know: that workers of high and low pay, high and low skill, sign noncompetes.

Source: www.forbes.com