AP Micro, determinants of Labor Supply & Demand

AP Micro, determinants of Labor Supply & Demand
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  • Determinant of Labor Supply: Changes in Alternative Opportunities
  • Wow! Mcdonald's pays a much higher wage than Arby's. I'll quit my job at Arby's and start working here!
  • The supply of labor of Arby's will decrease because it's rival, McDonald's, raises it's employee wages much higher to steal Arby's employees.
  • Help needed! Our wages are $12.00 an hour!
  • Determinant of Labor Supply: Immigration
  • When immigrants migrate to the United States the supply of labor in the United States increases and the supply of labor in the immigrants' home countries decreases.
  • Determinant of Labor Supply: Changes in Taste
  • Many years ago women would be unemployed in order to take care of their children. Now more women are choosing to have smaller families and work.
  • There are so many women in the workforce now a day...
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