LABOR MARKET IN THE LONG RUN
LABOR MARKET
THREE RESPONSES TO AN INCREASE IN WAGE ($10 to $12 per hour)
THE MARKET SUPPLY CURVE FOR LABOR
PPT Slide
THE LONG-RUN DEMAND CURVE FOR LABOR
OTHER INPUT-SUBSTITUTION EFFECT EXAMPLES
MARKET EQUILIBRIUM
CHANGE IN DEMAND
NANNIES VERSUS AU PAIRS
LABOR MARKET IN SHORT RUN
MARGINAL REVENUE OF PRODUCT CURVE
MARGINAL REVENUE OF PRODUCT
SHORT-RUN LABOR DEMAND CURVE
WHAT CHANGES WOULD CAUSE THE DEMAND CURVE TO SHIFT ?
MARKET DEMAND AND EQUILIBRIUM
SHORT-RUN SUPPLY CURVE
WHY DO WAGES DIFFER ACROSS OCCUPATIONS ?
WHY WOULD SUPPLY OF WORKERS IN A PARTICULAR OCCUPATION BE SMALL ?
WHY DO WOMEN, ON AVERAGE, EARN LESS THAN MEN ?
WHAT ABOUT DIFFERENCES IN EARNINGS BY RACE ?
WHY DO COLLEGE GRADUATES EARN HIGHER WAGES ?
PUBLIC POLICY AND LABOR MARKETS
EFFECTS OF THE MINIMUM WAGE
COMPARABLE WORTH
OCCUPATIONAL LICENSING
LABOR UNIONS
THREE WAYS A UNION TRIES TO INCREASE WAGES OF ITS MEMBERS
IMPERFECT INFORMATION AND EFFICIENCY WAGES
HIGHER WAGES AT FORD MOTOR COMPANY
MONOPSONY
MONOPOLY VERSUS MONOPSONY
Email: osman.zaim@orst.edu
Home Page: http://osu.orst.edu/instruct/econ201/osman/
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