Sunday, December 23, 2018

Brad didn't think I would notice

Understanding the importance of monopsony power in the U.S. labor market

The recent U.S. Supreme Court decision in Janus v. American Federation of State, County, and Municipal Employees is predicted to decrease the size and budgets of public-sector unions, potentially limiting their effectiveness in collective bargaining for their members. The court ruling, following the decades-long decline in private-sector union membership, presents economists and policymakers alike with the strong possibility that more and more employers will be able to exercise so-called monopsony power over the wages of their workers. 

How is that monopsony working in Illinois? I hear they are evacuating the place, bankrupt. How about California, heading toward fiscal oblivion according to the ex governor. California and Illinois are  employer monopsonies. 

The lead paragraph shows the author is clearly going to obscure the facts,  Brad doesn't realize I check this stuff? Authors need to figure out if they are doing a pundit piece or serious work.  Like looking at the periodic blue bars on your Fred chart and not noticing they align with election changes.    Really obvious biases hat they are not conscious of, as if they are writing for a small group of like minded.  

In this case, the lead paragraph tells me this is a point of view and not real research.

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