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Tyler Cowen on Big Business

EconTalk

The Problem With Monopsony in Rural Areas

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Rural areas are losing talent and population. Public transit or congestion pricing would make it easier for people to choose among a greater number of jobs, he says. But even in urban areas, some would argue that the cost of switching makes workers vulnerable to exploitation. So I think there's a lot we could do on the illegal regulatory side to limit the power of monopsony that we should do and we're not doing," Rangel says.

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