Recent Examples on the Web

This school of thought argues that some labour markets are characterised by a market structure known as monopsony. The Economist, "Raising the floor What harm do minimum wages do?," 15 Aug. 2020

Because not all workers are willing to work at these depressed wages, monopsony leads some workers to quit. Suresh Naidu, Eric Posner, Vox, "More and more companies have monopoly power over workers’ wages. That’s killing the economy.," 6 Apr. 2018

Just as a monopoly is the only company selling a particular good or service in a given market, a monopsony is the only company buying one. Matt Darling, Quartz at Work, "Ready to destroy a longstanding argument against raising the minimum wage?," 28 Aug. 2019

Newsletter Sign-up Long-stagnant wages have focused academic attention on monopsony power. Paul J. Davies, WSJ, "Big Buyers Beware the New Trustbusters," 28 Dec. 2018

Pooh-poohs increasingly popular explanations like monopsony and worker leverage. Matthew Yglesias, Vox, "Trump’s White House says wages are rising more than liberals think," 6 Sep. 2018

One such factor might be what economists call monopsony, or concentrated market power. Noah Smith, chicagotribune.com, "A job market this tight should deliver bigger raises," 11 June 2018

Recent economic studies show that many local labor markets are surprisingly concentrated, giving employers some monopsony power. Alan S. Blinder, WSJ, "What to Do When the Labor Market Stops Working for Workers," 11 June 2018

Finally, good antitrust enforcement can help fight monopsony. Dylan Matthews, Vox, "4 big questions about job guarantees," 27 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'monopsony.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.