Describe in detail the factors that shift a city's labour demand and supply curve. What happens if there is an increase in demand for export goods? A city’s labour demand can shift to supply curve for several factors. Under the ceteris paribus assumption, the labour demand curve depicts the number of workers that businesses seek to hire at any given salary or wage rate. If wage goes up, so as the quantity demand of labour. First, from the technology factor, technology to supports labour will raise demand for specific types of work, causing the demand curve to shift to the right. For example, as the use of word processors and other programming tools has grown, so has the demand for information technology specialists who can troubleshoot network software and hardware difficulties. As technology improves, so will the demand for competent individuals who understand how to use it to boost workplace productivity. Any workers who refuse to adapt to technological change w...
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