Principles of Microeconomics / Unit 3 MIC 0204 short lesson, about 20 seconds
What Shifts Labor Demand
Captions available
The idea
Labor demand shifts with the demand for the product, the workforce's education and training, technology, the number of firms, government rules, and the price of other inputs.
In practice
A rule requiring a nurse for a procedure shifts nurse demand right.
Where people slip
A change in the wage itself moves along the curve. Only these other events shift it.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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