- This topic introduces the features of the market for labor, a factor of production. It examines the factors that determine the demand for labor and supply of labor. Equilibrium employment and wages under different assumptions of output and labor market structure are presented. It considers the potential consequences of the minimum wage for workers and employers. Current developments in US labor markets including labor unions, and their implications for trends in wages and earnings are explored.
- Community College / Lower Division, College / Upper Division
- Material Type:
- Ohio Open Ed Collaborative
- Date Added:
- Creative Commons Attribution Non-Commercial
- Media Format:
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