Monopsonies and Large Technology Companies
Sen. Amy Klobuchar (D-MN) and Former Labor Secretary Robert Reich discussed the concept of monopsonies and the practices of large technology companies.
Description
Sen. Amy Klobuchar (D-MN) and former Labor Secretary Robert Reich discussed the concept of monopsonies and the practices of large technology companies.
Bell Ringer Assignment
- Describe the business model for large technology companies. What is meant by network effects?
- Explain what is meant by a monopsony.
- What are the effects of a monopsony on the labor force?
- How are large technology companies examples of monopsonies?
Additional Resources
Participants
Vocabulary
- Antitrust
- Big Data
- Contractors
- Labor
- Monopoly
- Network Effects
- Regulation
- Suppler
- Wages