Economist Bunker Sees More U.S. Workers Quitting Their Jobs

The video discusses the high quits rate in the labor market, indicating job confidence and potential wage growth. However, wage growth is not as significant due to compositional effects and market concentration. The role of monopsony in suppressing wages is explored, with insights into employer responses and recent research on labor market dynamics.

Discuss the impact of market concentration on wage growth.

What are the potential responses of employers to an increased quit rate?