X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Scale with finger tipping one side The concentration of many industries into fewer and fewer dominant players, combined with the decline of labor unions, may have tilted negotiating ability away from workers and toward corporations. (Photo: Shutterstock)

Now that unemployment has touched its lowest level since 1969, economists are puzzling even more over why wages haven’t been rising faster. After all, with fewer prospective workers seeking jobs, employers should be having to pay up to attract new employees and keep the ones they have. One theory about what’s going carries the name monopsony.

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.