#monopsony — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #monopsony, aggregated by home.social.
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RE: https://mastodon.social/@arstechnica/116954359639997387
this being the Ellisons and that asshat that deleted 30 years of MTV web history (Zlatlav?), how much you wanna bet they don't have a plan B
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RE: https://mastodon.social/@arstechnica/116954359639997387
this being the Ellisons and that asshat that deleted 30 years of MTV web history (Zlatlav?), how much you wanna bet they don't have a plan B
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RE: https://mastodon.social/@arstechnica/116954359639997387
this being the Ellisons and that asshat that deleted 30 years of MTV web history (Zlatlav?), how much you wanna bet they don't have a plan B
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RE: https://mastodon.social/@arstechnica/116954359639997387
this being the Ellisons and that asshat that deleted 30 years of MTV web history (Zlatlav?), how much you wanna bet they don't have a plan B
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RE: https://mastodon.social/@arstechnica/116954359639997387
this being the Ellisons and that asshat that deleted 30 years of MTV web history (Zlatlav?), how much you wanna bet they don't have a plan B
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Why your fare cost so much, and uber drivers get paid so little:
It is the result of a highly calculated corporate strategy known as surveillance pricing (or algorithmic personalized pricing).
In a genuine free market, prices function as transparent signals shaped by open supply and demand. Both buyers and sellers see the market rate, ensuring fairness. If a business overcharges, consumers walk; if it underpays, workers leave for a competitor.
Surveillance pricing completely subverts this dynamic by weaponizing information asymmetry. Using a massive hoard of data, the platform creates an invisible digital partition between the customer and the service provider. Instead of a shared, transparent marketplace, the algorithm isolates both sides into separate, closed-door negotiations where the platform holds all the cards.
For the passenger: The algorithm calculates the exact upper ceiling of what you will tolerate paying at that specific second—factoring in everything from your immediate location, time of day, and urgency, to your historical behavioral trends.
For the driver: The platform acts as an electronic monopsony (a market with many sellers but only one dominant buyer of labor). It isolates the worker and calculates the absolute structural floor of what that specific driver will accept to keep their car moving. By dangling unpredictable, variable incentives, it extracts hours of uncompensated labor (waiting and idling time), leaving the driver to absorb all the capital risk, vehicle depreciation, and fuel costs.
By blinding both sides of the transaction, the platform acts as a centralized command structure rather than a passive matching service. It systematically strips away the "consumer surplus" (the extra value and savings a buyer gets) and the "producer surplus" (the fair profit a worker keeps) and absorbs that wealth entirely for itself.
This mechanism is profoundly anti-free market because it replaces transparent competition with a proprietary information monopoly. True markets thrive on decentralized, shared knowledge; this system relies entirely on keeping everyone else in the dark.
#SurveillanceCapitalism #GigEconomy #PlatformCapitalism #FreeMarket #Economics #monopsony -
all these #ads are either #aislopped or selling #aislop. i fucking hate this country’s #media oligarchy.
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all these #ads are either #aislopped or selling #aislop. i fucking hate this country’s #media oligarchy.
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Form a fibre coop with neighbours
Edit, red states may have laws that force you to "choose" which oligarch to pay and prevent personal, coop and/or municipal coops. Because oligarchs need freedom, and Americans need frightened obedience.
#coup #oligarchs #freedumb #fibre #monopsony #monopoly #coerce
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Form a fibre coop with neighbours
Edit, red states may have laws that force you to "choose" which oligarch to pay and prevent personal, coop and/or municipal coops. Because oligarchs need freedom, and Americans need frightened obedience.
#coup #oligarchs #freedumb #fibre #monopsony #monopoly #coerce
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"The minimum wage in Mexico has more than doubled in real terms over the last six years. This is no small feat, especially if we take into account that the policy neither led to feared job losses nor price increases. This was partly because the Mexican minimum wage was well below those of other Latin American countries. With the latest increase, however, Mexico’s minimum wage is now greater than those in half of the region. Each successive increase has helped more people—in the first year, the increase benefited 13.3 percent of the formal labor force and by 2025 it benefited 37.4 percent, representing around 8.4 million workers.
With the radical shift in Mexico’s wage policy, these recent increases in the minimum wage—while translating into an average income growth of 25 percent in real terms and a significant decrease in poverty and inequality—have only begun to chip away at corporate power. The share of wages has only grown slightly, and the negligible increase in unemployment and inflation underscores drastic asymmetries in the relationship between employers and workers. The Mexican labor market is extremely monopsonistic, in part because there are relatively few large companies, but also due to poor labor law enforcement and weak unions. Common labor practices in Mexico allow firms to exercise more power to determine wages well below what they would be in a perfectly competitive market, which has led to the prevalence of high profits at the expense of working conditions.
Analyzing the historical evolution of the minimum wage in Mexico is fundamental to understanding how the Mexican wage policy has become a successful and innovative model. Its implementation has reduced poverty for millions of people and generated unprecedented growth in family income, defying traditional forecasts that linked minimum wage increases with uncontrolled inflation and unemployment."
https://www.phenomenalworld.org/analysis/mexico-minimum-wage/
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"The minimum wage in Mexico has more than doubled in real terms over the last six years. This is no small feat, especially if we take into account that the policy neither led to feared job losses nor price increases. This was partly because the Mexican minimum wage was well below those of other Latin American countries. With the latest increase, however, Mexico’s minimum wage is now greater than those in half of the region. Each successive increase has helped more people—in the first year, the increase benefited 13.3 percent of the formal labor force and by 2025 it benefited 37.4 percent, representing around 8.4 million workers.
With the radical shift in Mexico’s wage policy, these recent increases in the minimum wage—while translating into an average income growth of 25 percent in real terms and a significant decrease in poverty and inequality—have only begun to chip away at corporate power. The share of wages has only grown slightly, and the negligible increase in unemployment and inflation underscores drastic asymmetries in the relationship between employers and workers. The Mexican labor market is extremely monopsonistic, in part because there are relatively few large companies, but also due to poor labor law enforcement and weak unions. Common labor practices in Mexico allow firms to exercise more power to determine wages well below what they would be in a perfectly competitive market, which has led to the prevalence of high profits at the expense of working conditions.
Analyzing the historical evolution of the minimum wage in Mexico is fundamental to understanding how the Mexican wage policy has become a successful and innovative model. Its implementation has reduced poverty for millions of people and generated unprecedented growth in family income, defying traditional forecasts that linked minimum wage increases with uncontrolled inflation and unemployment."
https://www.phenomenalworld.org/analysis/mexico-minimum-wage/
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Labor share and market power in European firms https://d.repec.org/n?u=RePEc:pra:mprapa:123442&r=&r=lma
"firms’ product and labor market power, as reflected in product markups and labor markdowns, enable firms to capture a larger share of economic output at the expense of workers.
… empirical analysis shows that markdowns are negative correlated with labor share, as firms reduce employment and suppress #wages below the marginal revenue of labor.
Product markups exhibit a dual effect: they can positively influence the labor share by increasing wages and employment when firms reinvest additional profits into production expansion. … markups indirectly reduce the labor share due to their positive link with labor markdowns. Firms with significant pricing power often suppress wages and limit hiring, diminishing the labor share.
… empirical results reveal the presence of a hump-shaped relationship between product markups and labor share. Initially, as product markups increase, the labor share rises, but this trend reverses when markups reach high levels. This nonlinearity underscores the dual nature of markups: while moderate markups have a direct positive effect on labor share, mitigating labor markdowns, high markups enable firms to exert substantial #monopsony power, diminishing the labor share.
The analysis reveals significant cross-country #heterogeneity in the effects of markups and markdowns on the labor share."
#IndustrialOrganization #LaborMarkets -
Labor share and market power in European firms https://d.repec.org/n?u=RePEc:pra:mprapa:123442&r=&r=lma
"firms’ product and labor market power, as reflected in product markups and labor markdowns, enable firms to capture a larger share of economic output at the expense of workers.
… empirical analysis shows that markdowns are negative correlated with labor share, as firms reduce employment and suppress #wages below the marginal revenue of labor.
Product markups exhibit a dual effect: they can positively influence the labor share by increasing wages and employment when firms reinvest additional profits into production expansion. … markups indirectly reduce the labor share due to their positive link with labor markdowns. Firms with significant pricing power often suppress wages and limit hiring, diminishing the labor share.
… empirical results reveal the presence of a hump-shaped relationship between product markups and labor share. Initially, as product markups increase, the labor share rises, but this trend reverses when markups reach high levels. This nonlinearity underscores the dual nature of markups: while moderate markups have a direct positive effect on labor share, mitigating labor markdowns, high markups enable firms to exert substantial #monopsony power, diminishing the labor share.
The analysis reveals significant cross-country #heterogeneity in the effects of markups and markdowns on the labor share."
#IndustrialOrganization #LaborMarkets -
Minimum Wages in Concentrated #LaborMarkets https://d.repec.org/n?u=RePEc:iza:izadps:dp17357&r=&r=lma
"Labor Market concentration turns out substantial in Germany …higher concentration reduces #wages & employment, reflecting monopsonistic conduct of firms. Sectoral minimum wages lead to negative employment effects in more competitive labor markets
…empirical support to the #monopsony argument, implying that conventional minimum wage effects on employment conceal #heterogeneity across market forms -
Minimum Wages in Concentrated #LaborMarkets https://d.repec.org/n?u=RePEc:iza:izadps:dp17357&r=&r=lma
"Labor Market concentration turns out substantial in Germany …higher concentration reduces #wages & employment, reflecting monopsonistic conduct of firms. Sectoral minimum wages lead to negative employment effects in more competitive labor markets
…empirical support to the #monopsony argument, implying that conventional minimum wage effects on employment conceal #heterogeneity across market forms -
Editorial re: anniversary of March 23, 2010 Obamacare #AffordableCareAct #PPACA #ACA signing by Mr. #AudacityOfHope #Obama #HopeChange #ObamaBiden #JoeBiden
#SinglePayer #MedicareForAll #Americare #UniversalHealthCoverage #UHC2030 #monopsony🙏🖖> #PublicOption👍(#Baucus #Lieberman, #Podesta, et al. sabotage🖕) > #Obamacare / Heritage Foundation #RomneyCare☹️ pre-ACA gaslit / Stockholm syndrome pre-existing condition health insurance disqualification, denial👎😡🖕
Cc: @PDAmerica -
Editorial re: anniversary of March 23, 2010 Obamacare #AffordableCareAct #PPACA #ACA signing by Mr. #AudacityOfHope #Obama #HopeChange #ObamaBiden #JoeBiden
#SinglePayer #MedicareForAll #Americare #UniversalHealthCoverage #UHC2030 #monopsony🙏🖖> #PublicOption👍(#Baucus #Lieberman, #Podesta, et al. sabotage🖕) > #Obamacare / Heritage Foundation #RomneyCare☹️ pre-ACA gaslit / Stockholm syndrome pre-existing condition health insurance disqualification, denial👎😡🖕
Cc: @PDAmerica -
Editorial re: anniversary of March 23, 2010 Obamacare #AffordableCareAct #PPACA #ACA signing by Mr. #AudacityOfHope #Obama #HopeChange #ObamaBiden #JoeBiden
#SinglePayer #MedicareForAll #Americare #UniversalHealthCoverage #UHC2030 #monopsony🙏🖖> #PublicOption👍(#Baucus #Lieberman, #Podesta, et al. sabotage🖕) > #Obamacare / Heritage Foundation #RomneyCare☹️ pre-ACA gaslit / Stockholm syndrome pre-existing condition health insurance disqualification, denial👎😡🖕
Cc: @PDAmerica -
Editorial re: anniversary of March 23, 2010 Obamacare #AffordableCareAct #PPACA #ACA signing by Mr. #AudacityOfHope #Obama #HopeChange #ObamaBiden #JoeBiden
#SinglePayer #MedicareForAll #Americare #UniversalHealthCoverage #UHC2030 #monopsony🙏🖖> #PublicOption👍(#Baucus #Lieberman, #Podesta, et al. sabotage🖕) > #Obamacare / Heritage Foundation #RomneyCare☹️ pre-ACA gaslit / Stockholm syndrome pre-existing condition health insurance disqualification, denial👎😡🖕
Cc: @PDAmerica -
Editorial re: anniversary of March 23, 2010 Obamacare #AffordableCareAct #PPACA #ACA signing by Mr. #AudacityOfHope #Obama #HopeChange #ObamaBiden #JoeBiden
#SinglePayer #MedicareForAll #Americare #UniversalHealthCoverage #UHC2030 #monopsony🙏🖖> #PublicOption👍(#Baucus #Lieberman, #Podesta, et al. sabotage🖕) > #Obamacare / Heritage Foundation #RomneyCare☹️ pre-ACA gaslit / Stockholm syndrome pre-existing condition health insurance disqualification, denial👎😡🖕
Cc: @PDAmerica -
@luckytran
Expanded, improved world-class MedicareForAll: U.S.A. Uncle Sam's AmeriCare: healthcare where and when you need, Uncle Sam pays the bills.👍🖖😊"Health insurance premiums, high *annual* deductibles, co-pays, closed networks, medical bankruptcy😡 are a human right"… said no one ever.☹️ #MedicareForAll: free at point of care, will save you money👍 but… "nah, socialism!"☹️
#M4A #AmeriCare #UniversalHealthcare #UniversalHealthCoverage #UHC2030 #UHC #EverybodyInNobodyOut #monopsony -
@luckytran
Expanded, improved world-class MedicareForAll: U.S.A. Uncle Sam's AmeriCare: healthcare where and when you need, Uncle Sam pays the bills.👍🖖😊"Health insurance premiums, high *annual* deductibles, co-pays, closed networks, medical bankruptcy😡 are a human right"… said no one ever.☹️ #MedicareForAll: free at point of care, will save you money👍 but… "nah, socialism!"☹️
#M4A #AmeriCare #UniversalHealthcare #UniversalHealthCoverage #UHC2030 #UHC #EverybodyInNobodyOut #monopsony -
@luckytran
Expanded, improved world-class MedicareForAll: U.S.A. Uncle Sam's AmeriCare: healthcare where and when you need, Uncle Sam pays the bills.👍🖖😊"Health insurance premiums, high *annual* deductibles, co-pays, closed networks, medical bankruptcy😡 are a human right"… said no one ever.☹️ #MedicareForAll: free at point of care, will save you money👍 but… "nah, socialism!"☹️
#M4A #AmeriCare #UniversalHealthcare #UniversalHealthCoverage #UHC2030 #UHC #EverybodyInNobodyOut #monopsony -
@luckytran
Expanded, improved world-class MedicareForAll: U.S.A. Uncle Sam's AmeriCare: healthcare where and when you need, Uncle Sam pays the bills.👍🖖😊"Health insurance premiums, high *annual* deductibles, co-pays, closed networks, medical bankruptcy😡 are a human right"… said no one ever.☹️ #MedicareForAll: free at point of care, will save you money👍 but… "nah, socialism!"☹️
#M4A #AmeriCare #UniversalHealthcare #UniversalHealthCoverage #UHC2030 #UHC #EverybodyInNobodyOut #monopsony -
@luckytran
Expanded, improved world-class MedicareForAll: U.S.A. Uncle Sam's AmeriCare: healthcare where and when you need, Uncle Sam pays the bills.👍🖖😊"Health insurance premiums, high *annual* deductibles, co-pays, closed networks, medical bankruptcy😡 are a human right"… said no one ever.☹️ #MedicareForAll: free at point of care, will save you money👍 but… "nah, socialism!"☹️
#M4A #AmeriCare #UniversalHealthcare #UniversalHealthCoverage #UHC2030 #UHC #EverybodyInNobodyOut #monopsony -
#AmReading #ChokepointCapitalism by @pluralistic & #RebeccaGiblin.
A riveting look at how black-hole corporations like #Amazon, #Apple, #Google, #Facebook, & #Netflix dominate culture, exploit creators, crush competitors, & keep a stranglehold on audiences. These behemoths suck up money & power with a ruthlessness that makes old-style robber barons look like small-time pilferers.
Relevant wrt the #WGA #SAGAFTRA strike.
#CoryDoctorow #monopoly #monopsony #bookstodon
https://www.theguardian.com/books/2022/nov/24/chokepoint-capitalism-review-art-for-sale -
Compelling interview by Andy Park for Australian Broadcasting Corporation (ABC) Radio National program with #RebeccaGiblin and @doctorow discussing their new book, #ChokePointCapitalism.
A must-listen for anyone interested in #monopsony, concentration of #power and #arts policy.
You can get the book at: https://chokepointcapitalism.com
https://www.abc.net.au/radionational/programs/drawingroom/chokepoint-capitalism/101973108
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Compelling interview by Andy Park for Australian Broadcasting Corporation (ABC) Radio National program with #RebeccaGiblin and @doctorow discussing their new book, #ChokePointCapitalism.
A must-listen for anyone interested in #monopsony, concentration of #power and #arts policy.
You can get the book at: https://chokepointcapitalism.com
https://www.abc.net.au/radionational/programs/drawingroom/chokepoint-capitalism/101973108
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#Gespräch mit #Immanuel über #Amazon;
#Monopsony / #Monopson als #Unterschied zu #Monopol
#Fukuyama: Der #Kapitalismus hat gewonnen, die #Kommunisten #verwalten ihn am besten;
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#Gespräch mit #Immanuel über #Amazon;
#Monopsony / #Monopson als #Unterschied zu #Monopol
#Fukuyama: Der #Kapitalismus hat gewonnen, die #Kommunisten #verwalten ihn am besten;