Labor Markets and Wages
Students will analyze the forces of supply and demand in labor markets and how they determine wages and employment levels.
Key Questions
- Explain how the demand for labor is derived from the demand for goods and services.
- Analyze the factors that shift the supply and demand curves for labor.
- Predict the impact of increased automation on the equilibrium wage and employment in a specific industry.
Ontario Curriculum Expectations
Suggested Methodologies
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