a) Factors

a) factors that influence the supply of labour to a particular occupation

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

if the training time is high…

• the supply of labour decreases

if relative wages in alternative jobs are high…

• working labour becomes less attractive

• the supply of labour decreases

if migration policy becomes more relaxed…

• the supply of labour increases

if income tax increases…

• working labour becomes less attractive

• the supply of labour decreases

if the level of welfare benefits increases

• working labour becomes less attractive

• the supply of labour decreases

if working conditions improve…

• working labour becomes more attractive

• the supply of labour increases

if trade unions become more powerful…

• working conditions and wages may improve

• working labour becomes more attractive

• the supply of labour increases