With the invention of gig-based platforms like Uber and SkipTheDishes, the gig economy has not just become an integral part of the labour industry, but also digital society as well.
Along with the meteoric rise in popularity of these platforms, many of these companies have “monopsonies” in their industries. A monopsony is similar to a monopoly, except instead of a single seller dominating a supply of goods and services, a single buyer controls the market.
