businessJun 19, 202632:30pending
The real horror of ‘Alien’ and how it explains why we’re not paid enough
About this episode
Maybe the real monster in the Alien franchise isn’t actually the killer alien. Because behind the acid blood and jump scares is an even more insidious horror: a single employer with unchecked power. That employer is named Weyland-Yutani, a mega-corporation that dominates workers across the galaxy.
Weyland-Yutani is a sort of extreme example of what economists call a monopsony — when one employer dominates a labor market and gains power to underpay and mistreat workers. Sure, it’s science fiction. But a growing number of economists argue that monopsony power is a much bigger deal in the real world than previously thought.
We watch scenes from the movie Alien with labor economist Arin Dube, whose new book, The Wage Standard, shines a spotlight on the problem of monopsony power in the modern economy. We ask Arin what policy ideas he has that would have maybe prevented the worker tragedy seen in Alien. And we use his answer to try and rewrite the movie (spoiler: the movie becomes much shorter and less exciting).
Plus, we speak with Fede Álvarez, the director and co-writer of Alien: Romulus, which puts Weyland-Yutani’s poor treatment of workers front row and center.
For more on monopsony and anti-trust:
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Today's episode of Planet Money was hosted by Greg Rosalsky and Kenny Malone. It was produced by James Sneed, edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Robert Rodriguez. Our executive producer is Alex Goldmark.
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Weyland-Yutani is a sort of extreme example of what economists call a monopsony — when one employer dominates a labor market and gains power to underpay and mistreat workers. Sure, it’s science fiction. But a growing number of economists argue that monopsony power is a much bigger deal in the real world than previously thought.
We watch scenes from the movie Alien with labor economist Arin Dube, whose new book, The Wage Standard, shines a spotlight on the problem of monopsony power in the modern economy. We ask Arin what policy ideas he has that would have maybe prevented the worker tragedy seen in Alien. And we use his answer to try and rewrite the movie (spoiler: the movie becomes much shorter and less exciting).
Plus, we speak with Fede Álvarez, the director and co-writer of Alien: Romulus, which puts Weyland-Yutani’s poor treatment of workers front row and center.
For more on monopsony and anti-trust:
- The labor economics of 'Alien' — and its lessons for inequality on Earth (PM newsletter)
- The hidden power keeping wages low (PM newsletter)
- Antitrust In America (PM series)
- How we got free agents in baseball (PM episode)
Support:
Read:
- Our book: Planet Money: A Guide to the Economic Forces That Shape Your Life
- Our weekly longform Planet Money newsletter
- Our weekly Indicator round-up newsletter
Follow:
Today's episode of Planet Money was hosted by Greg Rosalsky and Kenny Malone. It was produced by James Sneed, edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Robert Rodriguez. Our executive producer is Alex Goldmark.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
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