Principles of Microeconomics / Unit 3 MIC 0206 short lesson, about 20 seconds
What Shifts Labor Supply
Captions available
The idea
Labor supply shifts with the number of workers, the education a job requires, and government policy: licensing lowers supply, training subsidies raise it, benefits change the appeal of work.
In practice
Fewer people can supply cardiology than primary care, so its supply curve sits further left.
Where people slip
Wages in related occupations shift supply too: a pay cut for surgeons sends doctors into family practice.
Your place on the trail
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