Monopsony enables firms to be more profitable but can mean workers don’t share from the same level of proceeds as the owners of capital. It explains why with increasing monopsony power we have seen periods of stagnant real wage growth while firms profitability has increased for example firms can have monopsony power in employing workers and paying lower wages and by definition Monopsony is market power in employing factors of production. In Materialistic society people are just after power with less care firms are using theories of price discrimination to charge higher prices to consumers who want to jump the queue. This makes sense from the perspective of maximizing profit . Has Monopsony led to moral decay and less care for basic human needs ?

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