For decades, economists gave short shrift to the idea of monopsony — a power employers can have to suppress wages. Now a wave of research suggests it’s everywhere, and a new book argues it’s key to understanding today’s inequality.
🇬🇧 Andy Burnham Pitches a Socialist Reset for Britain as Labour Eyes a Bigger State
UK Prime Minister Andy Burnham is proposing a major expansion of public services, greater state control and closer EU ties as Labour outlines a new direction for Britain.
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