labor supply
Pool of employees
Labor supply is the total amount of work that people are willing and able to provide at various wage levels.
Economists use it to analyze employment markets: Higher wages typically increase labor supply.
The term encompasses both the number of available workers and the hours they're willing to work.
Immigration policy, retirement trends, and workforce participation rates all affect labor supply.
- wagesPayment for work
- job marketEmployment availability collectively
- employment ratesShare of workers occupied
- working ageLegal age for jobs
- immigration policyRules controlling border entry
green card · brain drain · population size · workforce · fertility rates · age distribution · life expectancy · education levels · help wanted · minimum wage laws · participation · stay at home · migration patterns · skill acquisition · work ethic · underemployment · opportunity cost · tax policy
- economicsinflation, GDP, GNP, gross domestic product, gross national product
- laborwork, laborers, workers, hard work, employment
- workforceworkers, employee, employees, employer, worker
- labor economicsjob market, employment rates, unemployment rates, employment data, employment statistics
- labor migrationmigrant worker, migrant workers, guest workers, guest worker, foreign workers
- staffingstaffing, turnover rates, hiring, staffing firm, staffing agency
labor supplylabor shortage
Insufficient workforce supply
worker shortage · workforce shortage · talent shortage · skills shortage · manpower shortage
labor supplycapital stock
Corporation's issued ownership units
capital investment · automation · financial capital · machinery