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  • Determinant of Demand: Technology
  • No one will hire me to screw caps on toothpaste because of robots!
  • Determinant of Demand: Output Price
  • I'm glad that the price of computers went up so that i can code them!
  • Determinant of Demand: Supply Factors
  • It's really hard to find a job as a bus driver with this bus shortage!
  • preach
  • Advances in technology cause labor demand to shift left, which is called a labor-saving technological change
  • Determinant of Supply: Tastes
  • VMP is Price times MP, so when the price increases, that causes the VMP and the labor-demand curve to increase
  • Determinant of Supply: Alternate Opportunities 
  • All of my workers have left because the corn farm next door can pay them more!
  • When there is a change in a good needed to perform a certain job, that job's demand will also change
  • Determinant of Supply: Immigration
  • All of these immigrants have really helped my vineyard out!
  • Because of changing societal norms and fads, what is acceptable changes and the work force can be influenced by the increase or decrease in workers
  • I can work now because it's socially acceptable!
  • If the wages in a similar market change, than the supply will either decrease or increase based on whether or not the new wage is higher or lower than the other market's wages
  • The movement to people from their old country to their new one changes the supply of labor for both of those countries. The old country's supply decreases, and the new one's increases
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