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.
Author and economist Tyler Cowen of George Mason University talks about his book, Big Business, with EconTalk host Russ Roberts. Cowen argues that big corporations in America are underrated and under-appreciated. He even defends the financial sector while adding some caveats along the way. This is a lively and contrarian look at a timely issue.