Labor Markets - Change in in Equilibrium Wage Rate and Level of Employment

This lesson outlines factors that can affect the demand for and supply of labor, causing a change in the equilibrium wage rate and level of employment in a labor market.

[KevinNash-oeyz]

how the aggregate supply of classicals we get from labour market ? why we said output is aggregate supply?
eventhough the assumptions of classicals said price, wages and interest rate flexible.

Why aggregate supply remains unchanged or fix?

[victo]

Isn't it that if labor prices in the US increase, also the price of the goods would increase leading to inflation in the US and therefor no increase in real wages?

[Mengrani._.motivation]

Yaar kuch samajh nhi araha
Moye moye ❤

[pavlosttofi]

what will happen to the curves if we have a wage subsidy?

[okororieifunanyasheila]

Determine d equilibrium wage rate in d residual claimant theory wage.
Employ appropriate diagram and illustrations.

[desmondmashanga]

this is helpful thank you for your effort and support

[mattcullen]

"Why is equilibrium employment lower when wages are set at industry level rather than
at firm level?" Does this video answer this question

[Jacob-yglz]

Doesn't immigration also create demand though (which would thus bring the price equilibrium back up)? Your argument falls victim to the lump of labor fallacy. Of course, that's the total sum of labor, so your conclusion might hold true to some specific fields in the short term.

[Ilovebobby]

Population growh✖️ population growth ✅