Question
Please if you could help me, I would greatly appreciate your input. Topic: Microeconomic concepts such as demand and supply of labor, impacts on production
Please if you could help me, I would greatly appreciate your input.
Topic: Microeconomic concepts such as demand and supply of labor, impacts on production costs and decisions, and wages.
Questions:
What trends do you notice? How are the trends of human and physical capital applied? Review all the data carefully. Apply economic theories and models to support your response. This is an excellent opportunity to demonstrate the economic knowledge you have gained throughout the course.
Resources:
Analyze the labor market for the U.S. on the National Occupational EmploymentLinks to an external site. page from the BLS.
https://www.bls.gov/mwe/avg-hourly-wages-for-union-nonunion-fulltime-parttime-workers.htm
- Click on the links for the highest paying for each of the categories provided.
- Then scroll down to see the highest and lowest paying states.
- Next, view the Modeled Wage EstimatesLinks to an external site.. https://www.bls.gov/oes/current/oes_nat.htm
Thank you for your support. Much appreciated!
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