Labor Markets - Change in in Equilibrium Wage Rate and Level of Employment

[@abhishekanshuwali3808]

Awesome music at the intro and end!

[@tamalazulu6223]

Ikr. My baby was dancing 🎶

[@mariaalejandraestevez3042]

Thank you this was explained PERFECT

[@desmondmashanga4937]

this is helpful thank you for your effort and support

[@victo3137]

Isn't it that if labor prices in the US increase, also the price of the goods would increase leading to inflation in the US and therefor no increase in real wages?

[@ktmadventurist]

nice music in the beginning ! :D

[@okororieifunanyasheila8053]

Determine d equilibrium wage rate in d residual claimant theory wage. Employ appropriate diagram and illustrations.

[@pavlosttofi1199]

what will happen to the curves if we have a wage subsidy?

[@KevinNash-oe6yz]

how the aggregate supply of classicals we get from labour market ? why we said output is aggregate supply? eventhough the assumptions of classicals said price, wages and interest rate flexible. Why aggregate supply remains unchanged or fix?

[@anyrarahman3815]

Thank you.

[@gayanramani4851]

this is helpful of economic student

[@mcnooby383]

This is helpful to an economics student*******

[@mattcullen1234]

"Why is equilibrium employment lower when wages are set at industry level rather than at firm level?" Does this video answer this question

[@megacharicificvalley]

No

[@Mengrani._.motivation]

Yaar kuch samajh nhi araha Moye moye ❤

[@Ilovebobby09]

Population growh✖️ population growth ✅

[@Jacob-yg7lz]

Doesn't immigration also create demand though (which would thus bring the price equilibrium back up)? Your argument falls victim to the lump of labor fallacy. Of course, that's the total sum of labor, so your conclusion might hold true to some specific fields in the short term.

[@nicholaskinard3746]

labor market is in view of the EMPLOYER, more workers does not invoke a higher demand to employ the populous

[@Jacob-yg7lz]

@@nicholaskinard3746 More workers is also more customers. Jobs don't exist in a vacuum.

[@raymondosworld102]

@@Jacob-yg7lz does and extra ten customers mean you higher an extra member of staff

[@Jacob-yg7lz]

@@raymondosworld102 Usually, yes. These ten customers also don't just go to one shop, they go to 10, 20, etc more shops, too, creating jobs there.

[@keyzeewrld]

😁