ECO 205 Week 5 CheckPointLabor Market Scenario

ECO 205 Week 5 CheckPointLabor Market Scenario
 Write a scenario that would cause a shift in labor supply and demand. The following areas have had high job growth rates and may be used for your scenario: transportation, insurance, technology, and health care industries. You can either make up a scenario or use real data and information.

·         Post a 200- to 300–wordresponse that focuses on the following:

*   What is the area of employment?
*   Why has this shift occurred?
*   In what direction would the shift in labor supply and demand go?
*   What would be its effect on the equilibrium of the labor market?