Crash Course Economics video with hosts Jacob Clifford and Adrienne Hill in an informative discussion about how the labor market works, supply and demand, and the effects of the minimum wage. [10:37]

Video clip [0:39] from Season 5 of Seinfeld in which Jerry explains with humor and wit that in the labor market there is someone who will fill every job.

Changes in the demand for labor affect wage rates. In this video [4:40] learn why labor demand changes, and the effect of changes in the demand for labor on labor markets.