Question

Besides training and education, what are some of the things that have a significant impact on...

  • Besides training and education, what are some of the things that have a significant impact on the supply and demand of labor?
  • Explain why you believe they have such an impact.
  • What other factors can directly influence the labor market?
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Besides training and education, Wages and immigration are the major factors that influence the demand and supply of labor. With increase in wages demand of labor will decrease because cost of production will increase leading to fall in demand of products, but the supply of labor will increase as more people are ready to work at higher wages.

Immigration also affects the labor supply as with the immigration migrant labor can enter the work force and supply of labor increases.

Other factors that influence labor market are:

Population

Participation rate

Unemployment

Work conditions.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What other factors besides the facilities, books, computers, etc. that impact the kind of education a...
What other factors besides the facilities, books, computers, etc. that impact the kind of education a student receives? If so, what are those factors? Specifically students from urban schools. Answer in 1-2 paragraphs.
What are some new things concerning training implementation that we can do now that we could...
What are some new things concerning training implementation that we can do now that we could not do before?” What do you think are the most promising new developments in HRD delivery or implementation? Why?
What are some new things concerning training implementation that we can do now that we could...
What are some new things concerning training implementation that we can do now that we could not do before?” What do you think are the most promising new developments in HRD delivery or implementation? Why?
Can you explain why the market for jackets and coats would be examples of imperfect market...
Can you explain why the market for jackets and coats would be examples of imperfect market structures? Please provide real-life examples in your response. Do you believe the demand for costs aligns with the Law of Demand and Law of Supply? A farmer’s market is a good example of a free market system in which the government does not influence prices, but do you believe in some degree vendors are regulated because they have to possess a license to sell...
2 What other factors besides exercise might influence your pulse rate? Give examples. To burn the...
2 What other factors besides exercise might influence your pulse rate? Give examples. To burn the most FAT, which part of your THRZ do you want to train, lower or higher? Why? The burn the most calories, what do you need to do to your HR? Why? 9. What happens to your RHR over time if you have a regular workout program? Why? What happens to your THRZ over time if you have a regular workout program? Why?
Unions have had a significant positive impact in our workforce throughout our history. What are some...
Unions have had a significant positive impact in our workforce throughout our history. What are some key accomplishments and significant benefits we enjoy today because of Unions?
The COVID19 pandemic has had a significant impact on the stock market. Some stocks have experienced...
The COVID19 pandemic has had a significant impact on the stock market. Some stocks have experienced significant decline in prices, while the prices of some stocks show upward momentum. Investors are continuously keeping their eyes on stock market to find mis-priced stocks. One of your neighbours is new to stock trading and has insufficient knowledge of financial analysis. He knows that you are studying an investment analysis unit. He approaches you with the following data and seeks your help to...
Each of you is studying a specific major to further your education with the intent of...
Each of you is studying a specific major to further your education with the intent of a specific career path. Therefore, for this week's discussion you will examine the labor market for your intended career. Visit the Bureau of Labor Statistics Occupational Outlook Handbook  (Links to an external site.)and search for your intended career. Almost all individuals at the Community College are workers and are hoping that a college education will improve their skill set and labor market outcomes. We have...
2) Thinking about Anti-Bias Education - What are 3 things have you learned that you will...
2) Thinking about Anti-Bias Education - What are 3 things have you learned that you will use in your personal and/or professional life? 3) Thinking about Anti-Bias Education - What are 3 things that you really want to learn about during the time that we have left in class.
A personal credit rating can have a significant impact on an individual’s life and future; the...
A personal credit rating can have a significant impact on an individual’s life and future; the same relationship can be applied to a corporation and its bond rating. Students have learned that a bond is rated based on its credit risk. As most U.S. corporations have some kind of debt financing, what actions can a firm take to keep its bond rating as high as possible and thus positively affect the cost of its long-term financing? Do people do similar...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT