answersLogoWhite

0

Changes in market wages cause a movement along the labour supply curve, adjusting employment levels for certain wages; whereas shifts of the curve will change employment levels at any given wages. Shifts are caused by: changes inthe demongraphic: which can affect supply of labour of certain age groups, the low bitrth rate of the 70s has decreased tge supply of young labour in the 90s, atany given wage. sectoral changes: the service industry and low-pay sectors employ increasingly high proportions of young people. The increasing emphais on skill attainment means that young people are unlikly to be demand in high-level jobs, who offer them uncompetitive wages, hence more will be attracted tothe sector where the respective demand is higher. Sectoral shifts can shift supply curve.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

Which way will an increase in labor cost shift the supply curve?

An increase in labor cost will decrease supply, so the supply curve will shift left.


What causes technology supply curve to shift?

a change in amount of goods available


Will a technological advance shift the supply or demand curve?

it will shift the supply curve to the right


Does a change in producers' technology lead to a movement along the supply curve or shift in the supply curve?

just lead to a shift in the supply curve.


Does a change in producers' technology lead to a movement along the supply curve or a shift in the supply curve?

Changes in a producer's technology can lead to a SHIFT in the supply curve.


What is a rightward shift of a supply curve?

A rightward shift is an increase in supply.


What kind of changes in underlying conditions can cause the supply curve to shift?

The supply curve can shift due to changes in production costs, such as variations in the prices of raw materials, labor, or energy. Technological advancements that enhance production efficiency can also lead to an outward shift in the supply curve. Additionally, changes in government policies, such as taxes, subsidies, or regulations, can impact supply by altering the cost structures for producers. Lastly, external factors like natural disasters or geopolitical events can disrupt supply chains and shift the curve.


What causes a shift in the supply curve?

the factors that cause the demand curve for bonds to shift are: increase/decrease in inflation rate increase/decrease of common stock increase/decrease of stock prices useful table :


What can cause the AS curve to shift to the right?

The Aggregate Supply (AS) curve can shift to the right due to several factors, including improvements in technology that increase productivity, a decrease in the cost of raw materials, or an increase in the labor supply. Additionally, favorable government policies, such as tax incentives or reduced regulation, can enhance production efficiency. Increased investment in capital goods can also boost overall supply, leading to a rightward shift in the AS curve.


What are the three characteristics of a supply curve?

The three characteristics of a supply curve are the slope, shift, and the curve's position. Together they help determine supply and demand trends.


Which direction would the supply curve shift if there was a decrease in supply?

leftward


What factors determine the demand for labor?

causes a movement along the MRP curve: -wage rate causes a shift of the MRP curve: -price of capital -changes in productivity -changes in the price of the firm's product -demand for the product