Is worker power coming back? Monopsony in the US labor market

Bar graph of markdowns among top 10 occupation categories in the US by headcount.

Employer wage-setting power has fallen since 2022, and AI exposure may be part of the story

Bar graph of markdowns among top 10 occupation categories in the US by headcount. — Figure 3. Bar graph of markdowns among top 10 occupation categories in the US by headcount. Source: Revelio Labs, November 2026

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