i am from time to time inquired as to what the meaning of demand for labor is.
What demand for labor is, is a concept that describes the amount of demand for labor that an economy or firm is willing to employ at a given point in time. This demand may not necessarily be in long-run equilibrium, and is determined by the real wage, firms are willing to pay for this labor, and the amount of labor workers are willing to supply at that wage.
Demand for labor increases market wages and more workers enter the market. But this higher cost of labor will mean that employers will use less labor because it
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