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[FOR INTERNAL REVIEW] Ioana Marinescu - Why Workers Are Underpaid, and What We Could Do About It
Most people earn less than they're worth. Not because they're not productive, but because the labor market isn't nearly as competitive as it could be.
In this episode, Ben sits down with Ioana Marinescu, professor at Penn and one of the leading researchers on labor market power, to dig into what monopsony actually means, why it matters, and what it would take to fix it.
Topics covered:
What a perfectly competitive labor market would look like and how far we are from it
Why the problem isn't just low wages but also hours, conditions, scheduling, and the terms of work that workers can't…
The skinny
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