Changes in the wage rate (the price of labor) cause a movement along the demand curve. A change in anything else that affects demand for labor (e.g., changes in output, changes in the production process that use more or less labor, government regulation) causes a shift in the demand curve.
Changes in the wage rate (the price of labor) cause a movement along the supply curve. A change in anything else that affects supply of labor (e.g., changes in how desirable the job is perceived to be, government policy to promote training in the field) causes a shift in the supply curve.
Since a living wage is a suggested minimum wage, it acts like a price floor (assuming, of course, that it is followed). If the living wage is binding, it will cause an excess supply of labor at that wage rate.
He was from Belper, Derbyshire, England. He memorized plans for the water frame then sailed to America for an apprenticeship.
Answer: To become part of the Constitution, an amendment must be ratified by either—as determined by Congress—the legislatures of three-quarters of the states or state ratifying conventions in three-quarters of the states. Hope this helps!
the problems which the Dutch, Swedish, and English experience was slavery, travel, land and crops.
<em>-</em><em> </em><em>BRAINLIEST</em><em> answerer</em><em> ❤️</em><em>✌</em>
