Show page available here: https://ilsr.org/monopsony-labor-blp-episode-42. Institute for Local Self-Reliance co-director Stacy Mitchell interviews the Roosevelt Institute's Marshall Steinbaum about why American wages aren't rising while our economy goes through a strong "recovery." Topics discussed include: why more people are becoming discouraged and leaving the labor market for good [7:15]; how "interchangeable skills" jobs are finding concentrated markets which reduces wages by an average of 17% [19:03]; the misguided notion that those in highly concentrated rural markets should just pick up and leave [25:27]; details of 'no poaching agreements' and 'non-compete clauses' used to keeping workers captive [34:45]; the role of antitrust and how much weight they can carry in solving this problem [39:55]; and a reading recommendation [46:05]. Listen to all of our Building Local Power podcast episodes at our site, https://ilsr.org/building-local-power. Don't forget to subscribe, share with your friends, leave a recommendation on our podcast feeds, and join the conversation online using the #BuildingLocalPower hashtag!
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