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.
No, it is false that during the Industrial Revolution, the population declined due to a decrease in life expectancy, since in fact in many parts of the west life expectancies increased, due to increased incomes from more job opportunities.
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The fear turned to violence with the 1919 anarchist bombings, a series of bombs targeting law enforcement and government officials. Bombs went off in a wide number of cities including Boston, Cleveland, Philadelphia, D.C., and New York City.
Explanation:
