Labor Supply Shift Factors

Labor Supply Shift Factors

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Storyboard Text

  • Changing Tastes
  • Jobs: *Teacher* *Tutor* *Waitress*
  • I'm bored of being a stay at home mom. It's time to get a job!
  • Changes in Alternative Opportunities
  • Public transportation changed their wage to $15 per hour!
  • Now we have no one to drive our school bus!
  • Bus Drivers Needed!
  • Immigration
  • We're moving from Turkey to the US.
  • We both are skilled in dentistry and want jobs as dentists.
  • We're moving from Nigeria to the US.
  • The attitude of the mother changed, which made her want to join the workforce. By choosing to get a job, she increases the supply of labor.
  • Driving public buses is an alternative to driving school buses. Since the public transportation wage suddenly increased, some school bus drivers chose to switch jobs and decrease the labor supply for school bus drivers.
  • The supply of labor for dentists in the US increases due to immigration because they gain workers, but decreases in Turkey and Nigeria because they lose workers.
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