The wage differential between permanently contracted corporate personnel and freelance gig-economy workers has widened from 15% to 24% over the past decade. However, this wage gap exceeds 40% in software development and advanced data analytics, while it is virtually non-existent, or occasionally reversed, in basic courier and delivery services.
Evaluate, using appropriate labor market diagrams, the extent to which wage differentials are primarily caused by the market power of monopsonistic employers.
13 exam-style questions on OCR A Level Economics The interaction of labour markets. Each one has a worked solution and a mark scheme showing where the marks go.