Friday, November 11, 2016

My Letter to The Wall Street Journal on Monopsony Labor Markets, Nov 11

Jason Furman and Alan Krueger ought to look in the mirror. The Affordable Care Act, which both authors supported, triggered a host of hospital mergers, thereby creating monopsony power in many local health-care markets.

The link is here:http://www.wsj.com/articles/monopsony-doesnt-explain-most-u-s-wages-1478810623

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