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π₯ The Power of One Buyer: How Monopsony Is Quietly Killing Rural & Tribal Economies β And the Bill That Can Finally Fix It
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Season 10, Episode 223
What is a Monopsony? It is when you have one buyer or employer that people in rural and tribal areas depend on for work or to buy goods and services and that gives the company not the workers power over how much they make as workers or sellers of goods and services. This happens all across America, is a reason that there is rampant income inequality, crime, drug use, and drug overdoses in rural and tribal areas. This needs to be illuminated for all to understand. No more Monopsonies!
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