The supply of labor

A project of http://youthcm.com

Youth Career Management (YCM) reports that: The supply of labor consists of all people between 15 and 65 who want, can and should work. The supply of labor includes not only the people who are looking for a job, so unemployed if they are officially registered, but also the people who already have a job, the workers and the people with their own company: the self-employed. In the self-employed also includes assisting the family. You are not officially unemployed if you are registered at the Centre for Work and Income (CWI).

The population is divided into labor and non-working population. The population is divided into active labor force (the employed and the employees) and the unemployed workforce (registered unemployed). In the non-working people who do hear between 15 and 65 years old but who are not working and not looking for work.

Labor and non-working population is summed age population, which is also potential labor force.

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The demand for labor

A project of http://youthcm.com

Youth Career Management (YCM) reports that: If you are looking for a job you are recommended not only to look at your strengths and preferences but also what opportunities you have in that action later. The chances that you make if you do offer the labor market have to do with the other side of the labor market: the demand side. The demand for labor is exercised by business, government and employers. The total demands for labor are employees, the self-employed and vacancies.

An increase in spending leads thus to an increase in labor demand. Conversely, short-term labor demand negatively affected if it goes wrong with the economy.

The demand for labor is also influenced by the prior art. The technical developments of labor replaced by machines (decrease of labor) and new goods and services (increase).

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Wage in the eyes of the employer

Youth Career Management blog http://youthcm.com

Youth Career Management (YCM) reports that: Most of the clothes you find in stores are manufactured in low wage countries. These are countries where wages are much lower than in Western Europe for example.

Turnover = sales xprice

Turnover is the valueof goods sold; another term for revenue is total revenue

Marketing is thequantity sold

Price is the price atwhich the product is sold

The companies need money to pay wages, interest, rental costs, and machine costs, transport costs for raw materials, consumables and energy. The profit is the difference between revenues and costs. A wage increase may cause problems if the wage is greater than the increase in labor productivity. Then rising labor costs per product is an increase in labor costs per product can elicit different responses from companies.

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