Who was Karl Max reffering to when he wrote about the “proletariat”?

Q: We've seen what happens when job safety regulations are imposed. Now let's see what happens when…

A: Labor supply refers to the amount of labor supplied by the individuals who are willing to work at a…

Q: Could you explain what's happening with c please? what does sd + nk mean?

A: Steady state is where the change in capital per worker is zero.  That is  the capital per worker ,…

Q: Who are the key Actors in the Labor Market?

A: A labor market is a place or setting where labor is supplied in exchange for a wage. It can also be…

Q: How do quits and layoffs help improve labor market efficiency?

A: Generally both the quits and layoffs are frequently observed in the labor markets. This is mainly…

Q: Consider a simple demand-and-supply model of a competitive labour market in a small town. The demand…

A: In the labor market there is a demand for labor (firms make demands for labor) and supply of labor…

Q: "Do Men and Women Earn the Same Amount?"  Please give a reason behind your answer.

A: No, Generally they do not earn the same amount.

Q: Does the demand curve shift  on a labor market supply and demand graph when the baby boomers reitre?

A: Demand is defined as the volume of a good or service that customers buy at different prices during a…

Q: our enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $6 per…

A: A firm hires optimal labor at the following point in order to maximize profit. i.e., MPL = W / P…

Q: Base on this video titled "The Great Resignation: Why Millions Of Workers Are Quitting",…

A: The answer to the question is done using the information provided in the mentioned video.The main…

Q: You're advising a democratic government, and the leaders ask you about what kind of labor market…

A: Job search rate refers to the rate at which individuals in the labor force are actively looking for…

Q: How do Quits and Layoffs help Improve Labor Market Efficiency?

A: Labor market refers to the market structure where there is an interaction between the employees and…

Q: Is the minimum wage a good policy? Should the government increase the minimum wage or maintain it at…

A: Minimum wage is the lowest wage below which an employee cannot hire workers.

Q: automation affect the job market over the next decade

A: Automation means the replacement of human efforts with machinary. This will help increase the…

Q: Explain labour economics?

A: The social science that studies the behavior of individuals, businesses, societies, and governments,…

Q: What happens to a supply curve when price changes but structural variables remain fixed? Provide an…

A: The quantity supplied(Qs)  in the market is influenced by multiple factors such as prices,…

Q: What happens to employment in country A after minimum wage is introduced?

A: Labor Force refers to the total number of workers that are willing to work at the given wage levels…

Q: How do wages affect labor supply?

A: The labor is an important factor of production and the wage is the income earned by labor for…

Q: How might a company continue to do business without paying higher wages?

A: Some of the jobs are really underpaid and there have been many reasons to it which is why laws such…