MashedTech@lemmy.world to 196@lemmy.blahaj.zone · 6 months agoCan't make money off of me if I don't exist rulelemmy.worldimagemessage-square2fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imageCan't make money off of me if I don't exist rulelemmy.worldMashedTech@lemmy.world to 196@lemmy.blahaj.zone · 6 months agomessage-square2fedilink
minus-squaregandalf_der_12te@feddit.delinkfedilinkarrow-up0·6 months agoThe labor market is a market - that means it is regulated by supply and demand. Now, there’s a demand for workers. Now, think about what happens when the supply goes down - prices go up. In other words: If there are fewer workers on the labor market, that means the price for labor goes up, in other words: wages go up.
The labor market is a market - that means it is regulated by supply and demand.
Now, there’s a demand for workers.
Now, think about what happens when the supply goes down - prices go up.
In other words: If there are fewer workers on the labor market, that means the price for labor goes up, in other words: wages go up.