Thank you so much, it was really informative and helped me understand some pretty complex issues!
@sanjose75693 жыл бұрын
Not only helps Birtish A-level course but also helps American AP Eco
@RubyP20123 жыл бұрын
Those who disliked just didn't understand how helpful Mr EconplusDal is because they don't take economics :(
@malhartrivedi45598 жыл бұрын
sir thank you for the excellent videos i wish that you post videos on indifference curves
@monicaduran92147 жыл бұрын
You are the best, help me a lot in my microeconomics classes!!!
@yangjie15977 жыл бұрын
谢谢! 真的很有帮助! Thank you, your video is helpful!
@duncanotieno10977 жыл бұрын
brief but concise! great
@hxxsk5 жыл бұрын
Greatest of all time Dal
@Mike-vj8do Жыл бұрын
one of his best videos
@mousammallick76222 жыл бұрын
Thank you very much sir
@enidshanker94602 жыл бұрын
I always thru the years knew it was all about what you talked about .getting some more money ? But at the expenses. Of retrenching workers that's why we gave so much unemployment. So sad .
@chazeaux1573 жыл бұрын
The graph works in its simplicity, but when you take other things such as economic growth, value created, and value extracted, you will quickly see that unions only cause unemployment if chiefs of industry give up no money in their own wage, which has gone up by nearly 1000% since 1978. Comparatively workers comp has gone up by on 11%, despite productivity increasing exponentially. There is more money too be handed out, meaning employment does not drop as a result.
@Hg-1-133 жыл бұрын
I can smell your Socialism all the way from here.
@chazeaux1573 жыл бұрын
@@Hg-1-13 at least I’m right🤷♂️
@EternalShadow16672 жыл бұрын
Annd that’s why this is called “A” level economics. I’m sure if you go into degree level economics stuff gets complicated very, very quickly.
@ejporter36785 жыл бұрын
Love u dad
@malhartrivedi45598 жыл бұрын
you have provided invaluable knowledge by making these economics videos
@charliekelly5125 жыл бұрын
Malhar Trivedi can u do better?
@clova13112 жыл бұрын
someone doesnt know what invaluable means...
@charliekelly5125 жыл бұрын
Best teachers in the whole world, ones who disliked it, I don’t know know what to say to u guys😂just why????hahha
@anayjoglekar5920 Жыл бұрын
Higher wages also means higher COP and which would result in cost push inflation leading to increased poverty and lowered living standards
@Venuk2 жыл бұрын
Goated. 🐐
@elion1k Жыл бұрын
this is why ur the goat
@user-jx8xf2pk5cАй бұрын
So the TU essentially implements a price-floor up until where Wtu meets supply again?
@ys-kv3ug3 жыл бұрын
What about the changes in the elasticity of the demand for labor?
@lnewton36772 жыл бұрын
Well explained but as has been said.. theory and practice in the real world is quite different. World as imagined vs world in reality As a Union Member and Representative the wage vs market conditions is vitally important. The banalities of your explanation are akin to suggesting Marxism is correct when applied to the real world.
@gorillachamp52713 ай бұрын
Its for the a level, the real world is irrelevant
@austinwachira51854 жыл бұрын
Excellent video thanks!
@sirborkington10527 жыл бұрын
Thanks for the videos, really helpful
@CarlosRamirez-ix3dd7 жыл бұрын
Outstanding!!!! Thanks
@devgupta55622 жыл бұрын
very well done
@lilgamerx27772 жыл бұрын
I HOPE ONE DAY YOU RECIEVE THE RECOGNITION YOU DESERVE
@archilarjevanidze4 жыл бұрын
Thank you
@damian17008 жыл бұрын
Great Help. thanks
@yogeshsubbu99577 жыл бұрын
thanks.... very helpful......... thanks a lot
@Naraluxury7 жыл бұрын
Great video thank you so much can u kindly post a video on indifference curves income and substitution effects I usually learn from you I use to get U in econ I watched your videos for a week and a half and re sat my econ paper oct nov got a B it was lt was al most an A thank you so much hopefully to get an A this year. Thank you so much
@sarahwu13397 жыл бұрын
love the video ~
@muhammadowais36763 жыл бұрын
4:45 lmao "cutie you"
@tonydezorzi39247 жыл бұрын
thanks a lot
@heeralakshmip81853 жыл бұрын
my school teachers walked so dal could run
@Eduardo-yh3rv7 жыл бұрын
Hello, Great video! I learned a lot. I would like to know if unions of government workers have different effect. For example, where I live we have a Trade Union that is all the workers of our Government owned electric company. Ive always thought they have to much power, an excess. What do you think is happing here economic wise?
@wissemwissem65006 жыл бұрын
thanx a lot but i have question ??? was the trade unions in britain as a result of of foreing influneces ???
@chiomafaith9514 Жыл бұрын
WOW wow
@user-hg3nd1el1x Жыл бұрын
Can u use a micro diagram as part of a macro essay
@user-qm7zb2et6w9 ай бұрын
If taxes for food stamps arent payed in big citys small businesses in small towns tax of small businesses fall balance works with the question is balance not needed with tax Big citys untaxing food stamps cuts balance in small towns small businesses small towns untaxing of food stamps
@MC10W6 ай бұрын
despite the lmimited power fo t5reade unions:--UNION MARK UP - 3.4%-AND trade union density- is 23%
@ProjektLament4 жыл бұрын
Is this UK specific in terms of less power and legislation?
@MC10W6 ай бұрын
Wait Ina. Competitive Labour market are workers paid their MRP
@Elaine1998able7 жыл бұрын
Hi, I have a question, according to what my teacher taught, when trade union formed the supply of labour will reduce as trade union control the supply of labour , so it cause a shift inward of labour supply curve instead of horizontal line , can I know which one is correct :)
@royaluchennalevi62242 жыл бұрын
5 years have gone by, did u pass ur exams, hope u did
@biffbidderman81643 жыл бұрын
I have a question in a competitive trade market 1 individual might get much less when comared to some others they will be unhappy so they might leave but in trade unions if it is favourable wouldn't it attract more ppl ?
@royaluchennalevi62242 жыл бұрын
Under this view, wages are a cost to firms do higher wages will mean they can afford less workers so their demand for labour will fall
@rohitreddy80352 жыл бұрын
@@royaluchennalevi6224 fam u replied to a guy who asked 8 months ago but u did help me tho lol
@royaluchennalevi62242 жыл бұрын
@@rohitreddy8035 I guess it was worth it 😂
@MC10W6 ай бұрын
union mark u[p in 2024- is aronudn 3.5% so shows the powr of treade unions because those who afre part of trade unions get paid 3.5% more than those who arent in a similar profiessiponl Aand the fact that we are not geneeralisinf anbd dsaying trade unions, wer are sayign the4 trade union density- is more accurate, as this is an evaluatiave point. !!!!! to say that whi8ls ttrade union membership has decreasweds, the union mark up still is realtively high - at 3.5%- so this shows that terade uninons certainly have lots of power in ernogtiating for ghigher wages
@hirakkansara40217 жыл бұрын
Another evaluation could be the political party in power at that time, compare conservatives and labour party where labour wants to increase TU power but the other doesn't.
@BingBoomTaToo5 жыл бұрын
The assumption of the Labour party is always pro TU whiles Conservatives aim to remove them in order to let the market work isn't always necessary true. Before Margaret Thatcher, the post war consensus which both the Labour party and the Conservatives followed, aimed to achieve 'Full Employment' and allowed for the TU to work. Nonetheless, the globalist economy prevented British workers from achieving abnormal profits as their wages caused prices to be too high compared to developing countries. The first PM to suggest a change to TU power was actually Harold Wilson, Labour PM in the 60's with the proposal of the "In Place of Strife". The white paper was rejected and the living conditions deteriorated, leading to the success of Edward Heath, who planned to reduce TU power with monetarism however, failed due to the OPEC crisis in 1973. Whiles ousting the CONs in the early 70's, trade unions ousted Callaghan (Labour PM) in 1979 after the "Winter of Discontent" leading to the election victory of Margaret Thatcher. After that, future PMs continued to marginalise TU power including Tony Blair with the New Labour policies. Only recently did Labour change their stance on TU power with the party election victory of Jeremy Corbyn with Blarite MPs continuing to appose the changes.
@sumandey32505 жыл бұрын
The law of India has never written down that Labor should be killed, but Labor is oppressed for what it is
@SuperTechno20125 жыл бұрын
Dafuq? Indian workers don’t produce enough output and work in low productivity jobs then ask for higher wages...Labour laws and hiring and firing laws should be eased in India to encourage business...
@Mini_Arj7 ай бұрын
7:47
@OlympusHeavyCavalry7 жыл бұрын
Why were Unions formed then?
@dayoubalimi2867 жыл бұрын
Great question. Trade unions were formed because working people realized that "efficient, competitive markets" were screwing them, and that mainstream economics exists in order to create the illusion that their getting screwed is somehow "scientifically valid." If you want to hear a trained economist explain how and why mainstream economics (such as this young man) is really nothing but propaganda, check out Ben Fine's work: kzbin.info/www/bejne/mpPEqKWum9Kknsk
@mylesbero75296 жыл бұрын
Said by a BTEC economics student who makes 8 minute-long videos of how to open a door. Give the kid a break, he's still finding his position on the spectrum. Interpret "spectrum" in any way you wish.
@radSIZ6 жыл бұрын
Myles Bero Exactly what a libtard would say. And yes I am acoustic.
@carecup8095 жыл бұрын
@@davidluong8370 How do employers force workers to work in unsafe conditions?
@anavrin7615203 жыл бұрын
America was great for the working class when unions were great. As unions have declined, the working middle class in America has declined in kind.
@chiomafaith9514 Жыл бұрын
two eg
@lukewalmsley99206 жыл бұрын
Do edexcel need to know this
@districkt45 жыл бұрын
no
@Lamilton828285 жыл бұрын
This is a silly model workers don’t have to increase wages of new workers unless you have full high Quality employment which is true in no country ever and if we didn’t have trade unions we would still have 12 hour 7 day work weeks.
@oscarmoxon1024 жыл бұрын
Wage discrimination is assumed not to exist. If you think that is stupid, question perfectly competitive market theory.
@aabmets2 жыл бұрын
You're making a lot of assumptions to make your graph work. My experience has taught me that the reality is vastly different.
@imoetikon54272 жыл бұрын
Every short-minded people says somethin like this for every sectors. Economic Model is simplification of the real world, of course its vastly different,, they re trying to explain it on scientific way.
@IbrahimAli-ds1ns4 ай бұрын
It's economic theory
@chosenundead6376 Жыл бұрын
Trade unions: if you dont pay us what we deserve then we will bring you to a stand still billionaires : if you don't work for buttons we will bring the country to a stand still until you do and we will blame trade unions for our greed