When a single company controls all the workforce in a specific market or area, it is known as monopsony, a form of labor market monopoly. This can happen in industries with little competition, allowing the dominant employer to depress wages and dictate working conditions. This is a distinct concept from a monopoly in the product market, where one company controls the entire supply of a good or service.

like
Posting as :
works at
You are currently posting as works at

We need a union!

like

Maybe there’s a reason we should encourage people to vote for the party of regulations

like

Join your local DSA

like

I’ve found my people

likesmart

Monopsony. Doesn't exactly roll off the tongue, does it?

The monopsony needs a colonoscopy

Related Posts

I have some data extracted from SAP and though the size is not relatively high lets say about 45000 line items. My excel keeps crashing anything i do with it 🙄! Any clue why it is happening ?

like

Curious how compensation works for counsel at top-tier law firms. How much do counsel make? Is it relatively set/lockstep salary, or does it vary significantly based on hours? Do counsel have hours requirements?

like

What are your thoughts on talent intelligence?

like

Hi folks, Can someone tell if below salary is sufficient for one person (6 YOE) to live in Melbourne, Australia


C&B fixed (gross): AUD 6500/ month Monthly overseas allowance: AUD 5800/month

like

Is it a bad idea to leave tech and try something else if I want to go back to tech eventually? For context I have the opportunity to move to London and pivot into a new field for me but the job is at an agency. I know I’d want to eventually go back to tech but paranoid it’ll be more difficult - thoughts?

like
like

Does anyone get so anxious about work that they can’t eat? The thought of food just makes you want to puke? How to manage? Skipping meals/not eating for a day is unhealthy and will cause weight gain

like

I constantly have negative thoughts, I feel like everyone hates me, I’ve been pushing people away, I’m always bitter & angry. What can I do about this? I feel helpless :(

like

Hi all got selected in Infosys, any idea what will be my take home if i get CTC of 16 lpa... The HR told my VP will be 15% so excluding vp it's going to be 13.6.. so now what wil be my take home... Any guesses.. TIA...

My recruiter emailed me saying that she has all the feedback in and she will share my profile with teams. Does this mean "on site" round is passed?

like

Hey hey all. I am writing a book on value creation in commercial real estate - from site selection to tenant management basically capture where industry experts see value lost or opportunities not captured. Anyone want to contribute to some insights ?

like

I am looking scrum master job can anybody help

Does anyone have Skype for Business installed on their personal device to receive notifications?

Ladies, I am F in my late 30s with fine, medium-length, flat hair. It’s been thinning and feel like I am losing a lot of it.
I’ve tried oral supplements but it didn’t do much to help (just grew hair on my face instead 😳). Any recommendations that might have helped you with the same issue? Anything topical that worked for you?

like

What's it like working with BCG in Dubai? Which service lines have the best people and which should be avoided?

like

Why does offer letter from Dell EMC is mentioned as EMC INDIA S/W & SERV PVT instead of DELL EMC?. Dell DELL EMC Dell Technologies

like

Morning! Anyone who’d be kind enough to provide a referral for Apple. There’s a position I’m interested in and would like to give it a shot. Thanks a lot!Apple

like

Happy Monday fishes!! What are the best job posting sites in your opinion and which ones have a higher success rate?

like

Hi fishes,
I'm 22 and planning to take a life insurance. I'm comparing all policies and max life seems attractive as it has good claim settlement ratio and less premiums. But there is no office near our area. My worry is that if there is a need to claim in future, it can be done all online by my nominee? Is it recommended to take policy online in any platform(like policybazaar)?
Other options I'm considering are SBI life, HDFC life which offices are available in my locality.
Please guide

like

Additional Posts in Advertising

If you do something on the side for extra cash (like drive for Uber) then lose your agency job in a layoff, does your little side gig disqualify you from collecting unemployment?

like

Stop with the unnecessary meetings. PLEASE.

like

What are your thoughts on leaving a stable but unfulfilling job for another one during these times?

like

Looking at full-time and application asks for expected salary and then expected total compensation as a number. How should I figure out the second? Health insurance, bonuses, life insurance, equity, PTO? I studied art, not math.

like

Anyone have clients write a 3 page "creative brief" which is usually a mix of a marketing brief, creative brief and media brief - all in one?

like

Is it normal for every single call (client or internal) everyone dials in from their desks at an open format office? Everyone avoids takings calls together/conference rooms like the plague.

like

What agency is doing the new Twizzler ads?

like

Still really want to know how that Strategist's conversation with the boss went today.

like

Marcel here. So instead of talking behind my back, how about saying it to my face? Here I am, ready to answer questions, concerns, or just talk sports. So what would you like to know? 🤖

like

Are CPGs pushing more faux-health benefits than before?
Or is society catching up to the bs?

Post Photo
like

Thoughts on the new Vegas slogan “What happens here, only happens here”?Apparently people hate it. I think it’s a good spin on the classic “What happens in Vegas stays in Vegas.”

like

Craziest offsite ever. Go.

like

What y'all know about Space150?

like

I'm reading this book on boundaries. In the work section it says I should tell my boss that I can't work after 5 PM. Knowing that advertising work commonly goes past 5 PM...would my job be in danger if I said that?
There's not really a rule book that says I must work until the work is done even though it's an unsaid expectation. Thoughts?

like

Yo, can we all just chill? About you know, everything?

likefunny

Today is Women's Day and 'A Day Without a Woman,' -- are you skipping work and wearing red?

like

Given the outbreak, are places actually going to be hiring right now? Recently laid off from 9-5 and my freelance is starting to fizzle.

like

When is it OK to ask for a partner swap? I've been working with a super fun Jr. AD for four months, but I feel like I'm pulling most of the weight + that we aren't bringing out the best in each other.

like

If you got fired today would you have a Bach up plan? What would it be?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal