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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Here or There

unemployment in unites states http://youthcm.com

Youth Career Management (YCM) reports that: There are 2 ways of production abroad can be moved. The first way is closing a plant in the Netherlands and simultaneously opening a similar establishment in Indonesia for example. This form of displacement occurs mainly in multinationals. A multinational is a company with production facilities in several countries, such as Philips, Coca-Cola.

Second, it may be that such companies from the Netherlands are driven out by companies from low wage countries.

Moving production abroad is related to the competitiveness of a country compared to abroad. Under competitive we mean the ability to better and / or cheaper to produce than competitors. The main weapon in the competitive struggle is the price. The price depends on the costs besides playing competitive prices, quality and infrastructure as a role.

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High Wages Leads Towards More Spending?

unemployment in united states http://youthcm.com

Youth Career Management (YCM) reports that: The amount of goods that companies in a country sell depends on the total demand for goods and services in a country.

The buyers of goods and services, households, other businesses, government and abroad are the main buyers which are families.

The quantity of goods and services that the families questions, mainly depends on the income that households earn.

Consumption rises as employees may buy more because they have had initial or wage drift.

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How is Unemployment Now?

unemployment in united states http://youthcm.com

Youth Career Management (YCM) reports that: Between 1991 and 2005, the working employment force of about 5.51 million people to 6.9 million people. This increase related primarily to women (44% in 1990 to 57% in 2002) and 55-plus (27% in 1990 to 38% in 2002).

In 2002 hit this situation between January 2002 and December 2003 unemployment rose by 40% to 403,000. Unemployment is maximum among the youth, women, and immigrants and low-skilled. Unemployment is primarily caused by the bad economy.

The CPB expects that in 2004 unemployment will rise sharply, regardless of the slight recovery of the economy in the Netherlands. The protuberance of the Central Planning Office suggests that it is predictable that unemployment will fall to 490,000, or 6.24 percent of the labor force.

Employment in healthcare will probably still increase, but this is not sufficient for the quick rise in unemployment.

The burden and higher pension contributions increases the wedge (the difference between labor costs for businesses and net income of workers) substantially. This will surely guide to a boost in the estimated equilibrium unemployment which in 2004 will rise to 5.5 percent.

Now you can observe there are smaller amount women are element of the workforce and that among women increased unemployment. However, women generally have higher education than men. The less educated unemployment higher than the higher educated.

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The labor market

unemployment in united states http://youthcm.com

Youth Career Management (YCM) reports that: On the job market, employers and those who work meet. The employers (buyers) are looking for employees who want to work with them. A job is an example of a concrete market. A concrete market is a place where demanding and suppliers of a given product meet.

The labor market is an example of an abstract market.

An abstract market comprises the whole supply and demand without there being a place where buyers (buyers) and suppliers (sellers) meet. The supply and demand determine the price.

On the labor market labor demand and supply together.

This will determine how many people actually work. This number is the employment.

The job consists of employed persons.

Work Years are the number of hours you work per week. Full courses are now 38uur per week.

The price of labor is the reward.

The highest of the wage is dependent on the extent to which supply and demand match.

If labor demand exceeds the supply we speak of tight labor market. Wages will rise. When demand is less than the offer we speak of broad labor market. The wages will fall.

There are not one but different labor market segments. Markets are a market for teachers or plumbers etc. This is a separate profession.

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