A scenario that would cause a shift in labor supply and demand- transportation, insurance, technology, and health care industries.
A scenario that would cause a shift in labor supply and demand. The following areas have had high job growth rates and can be used for your scenario: transportation, insurance, technology, and health care industries.
Post a 200- to 300-word response that focuses on the following:
1. What is the area of employment?
2. Why has this shift occurred?
3. In which direction would the shift in labor supply and demand go?
4. Illustrate what would be its effect on the equilibrium of the labor market?