Friday, October 27, 2017

claims about exploitation and monopsony power at LouCity FC

Claims in the C-J about exploitation when working for LouCity FC: Uhh, then why are you working for them?

The three options from Labor Econ: 1.) you don't know you're being exploited (not true here, since they're complaining); 2.) you're vulnerable to the firm's monopsony power (not true here, since these folks can work at dozens or hundreds of jobs); and 3.) you're irrational and can't weigh benefits and costs well (apparently the best inference).

More likely: sloppy thinking and/or an opportunistic power grab.


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