Is Amazon's Size and Influence a Good Thing? Economists Debate.

By gvwire

Published 6 years ago on

October 2, 2018

What is a monopsony?
Economists describe the concept as “the outsize power of a few consolidated employers,” the New York Times reports.
They are also exploring the “Amazon Effect.” Just this week, the online behemoth announced a $15 an hour minimum wage for all employees.
Read the Times story about how the dominance of “superstar firms” affects the economy.

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