a) Factors

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8 Terms

1
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  • the factors that influence the supply of labour


  • the training time

  • relative wages in alternative jobs

  • migration policy

  • income tax

  • the level of welfare benefits

  • working conditions

  • trade union power


2
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  • if the training time is high…


  • the supply of labour decreases


3
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  • if relative wages in alternative jobs are high…


  • working labour becomes less attractive

  • the supply of labour decreases


4
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  • if migration policy becomes more relaxed…


  • the supply of labour increases


5
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  • if income tax increases…


  • working labour becomes less attractive

  • the supply of labour decreases


6
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  • if the level of welfare benefits increases…


  • working labour becomes less attractive

  • the supply of labour decreases


7
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  • if working conditions improve…


  • working labour becomes more attractive

  • the supply of labour increases


8
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  • if trade union power increases…


  • working conditions and wages may improve

  • working labour becomes more attractive

  • the supply of labour increases