Scenario that would cause a shift in labour supply & demand
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Write a scenario that would cause a shift in labor supply and demand. The following
areas have had high job growth rates and can be used for your scenario: transportation,
insurance, technology, and health care industries.
· Post a 200- to 300-word response that focuses on the following:
o What is the area of employment?
o Why has this shift occurred?
o In what direction would the shift in labor supply and demand go?
o What would be its effect on the equilibrium of the labor market?
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Solution Summary
Description of a scenario that causes a shift in the labor supply and demand in the computer industry.
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In the late 20th Century computer technology spread rapidly throughout the economy. The demand for computers by homes and businesses increased the demand for all types of related labor, including software engineers and consultants, hardware designers, database developers, website developers and designers, etc. This increased in demand had to be met by investment in training people, especially since salaries were ...
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