Monopsony decreases worker mobility, keeping wages lower than they would be in a competitive market, writes Alan Manning.
You have almost certainly heard of monopoly, but less likely to have heard of monopsony. The literal definition of monopoly is a situation where there is only one seller of a product; though the term is used more loosely to refer to […]
There are those who argue that progressive politics is doomed because the powerful forces of the market and technology are inevitably leading us to a more unequal society. The opposite is the case, writes Alan Manning.
The changes in technology we are seeing mean that we need progressive politics more than ever. We need it to ensure that technology results […]
In his second article on the minimum wage, Alan Manning looks at the history of the policy since 1938, finding that the federal minimum remains relatively low compared to that in most other OECD countries. He writes that Presidential proposals, which began nearly a year ago, may see an increase in the minimum wage to over $10 an hour. He […]
Recent months have seen President Obama make a renewed push to address inequality in the U.S., especially via one policy lever he has focused on previously- raising the minimum wage. For many, conventional economic wisdom states that raising the minimum wage costs jobs, as employers are less willing to take on staff at higher rates of pay. Alan Manning takes […]
Streetcars and light rail services serve different rider markets in American cities.
Donald Trump is expanding a system of immigration enforcement which already punishes immigrants and makes them vulnerable.
Politics in church may hurt religion, but it helps churches.
Spending money or having money? Judging people’s wealth from their spending habits
Ayşe Işın Kirenci reviews The New Age of Empire: How Colonialism and Racism Still Rule the World by Kehinde Andrews
Matt Bluemink reviews What Do We Know and What Should We Do About Fake News? by Nick Anstead
Kyle Scott reviews Meddling in the Ballot Box: The Causes and Effects of Partisan Electoral Interventions by Dov H. Levin 
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Local joblessness has persisted because of persistent job loss
Local joblessness has persisted because of persistent job loss
A common explanation for continued economic hardship and unemployment in many cities in the U.S. is workers’ lack of ability or desire to move. In new research which examines more than 722 ‘commuting zones’, Michael Amior and Alan Manning find that many cities which have endured declining employment have also experienced large population outflows, but because of continued industrial […]