TheDemonBuer@lemmy.world to News@lemmy.world · 4 months agoAnalysis: The fertility crisis is here and it will permanently alter the economy | CNN Businesswww.cnn.comexternal-linkmessage-square127fedilinkarrow-up1191arrow-down128cross-posted to: usa@lemmy.ml
arrow-up1163arrow-down1external-linkAnalysis: The fertility crisis is here and it will permanently alter the economy | CNN Businesswww.cnn.comTheDemonBuer@lemmy.world to News@lemmy.world · 4 months agomessage-square127fedilinkcross-posted to: usa@lemmy.ml
minus-squareAnikilinkfedilinkarrow-up1·edit-24 months agoThe labor market is a market. It is regulated by supply and demand. The good being traded for money is human labor. If supply goes down (fewer workers being born), prices go up; that means, higher wages. If supply goes up (more workers being born), prices go down; that means, lower wages.
The labor market is a market. It is regulated by supply and demand. The good being traded for money is human labor.
If supply goes down (fewer workers being born), prices go up; that means, higher wages.
If supply goes up (more workers being born), prices go down; that means, lower wages.