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\nLabor Markets and Minimum Wage: Crash Course Economics\n

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\n\nPublisher:\n\nCrash Course\n\n\n
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\nHow much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work...\nHow much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it.\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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10:05
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nCrash Course Economics\n\n
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Date
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2016
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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Concepts

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demand, economists, employment, workers, wages, economics
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argue, skill, crash course, labor depends, market, increase, high, supply, unemployment, competitive markets, make, economists argue, minimum wage, economists call, free, high demand, demands, employers, skills, people, demand explain, grocery store, wage, crash, labor market, point, ronaldo, stan, today
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Best For: Explaining a topic
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