MONOPSONY: money redistribution policies

Rules of the economic game that shape people’s outcomes.

http://www.nytimes.com/2016/11/06/upshot/monopsony-liberal-economics-policy-hillary-clintons-agenda.html

Tweaking overtime rules or preventing mega-mergers might help reduce inequality, in other words. But raising taxes on the wealthy and using the money to increase benefits for the working class definitely would.

John Podesta, now chairman of Mrs. Clinton’s campaign, founded Ms. Boushey’s group in 2013, and Ms. Boushey is the chief economist of the Clinton transition team. The predistributionist philosophy comes through if you read between the lines of Mrs. Clinton’s economic policy proposals and speeches. She seeks, for example, to “rewrite the rules to ensure workers share in the profits they help create,” including measures like rewarding corporate profit-sharing and strengthening collective bargaining rights and antitrust enforcement.

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