– The paper discusses the process of “finetuning” GPT-2 on a small supervised dataset.
– It explores how GPT-2 can be tricked into performing a specific task.
– The paper mentions the relevance of the term “monopsony” in economics.
– It provides examples related to potential monopsonies in the labor market.
– The paper cites relevant research on the topic.
– Monopsony means there is only one buyer in a market.
– In labor market, monopsony employer has power over wages and conditions.
– Monopsony can lead to lower wages and limited job opportunities.
– Research found potential monopsonies in retail and fast food industries.
– Workers in these industries face low wages and limited benefits.
– Monopsony can result in dependence on employer for livelihood.
– This can further suppress wages and decline working conditions.