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84 | Suresh Naidu on Capitalism, Monopsony, and Inequality

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

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Labor Market Paradoxes

This chapter examines the complexities of low unemployment and stagnant wages, probing into factors like automation and the decline of unions. It discusses the historical role of labor organizations and the concept of monopsony, illustrating the evolving dynamics between workers, employers, and economic policies.

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