Labor demand? Crossword Clue

The answer to the crossword clue "Labor demand" can be PUSH. It is a verb that means to exert force on something in order to move it. In economics, labor demand refers to the number of workers that businesses are willing to hire at a given wage rate.

The labor demand curve is downward-sloping, which means that businesses are willing to hire fewer workers at higher wage rates. This is because businesses have to pay more for each worker at higher wage rates, so they will only hire as many workers as they need to produce the desired output.

There are a number of factors that can affect labor demand, including the price of goods and services, the productivity of workers, and the wages of workers.

The price of goods and services: If the price of goods and services rises, businesses will need to hire more workers to produce the same amount of output. This is because the higher prices will lead to higher profits, which will make businesses more willing to invest in production.

The productivity of workers: If the productivity of workers rises, businesses will need to hire fewer workers to produce the same amount of output. This is because the more productive workers are, the less time it takes them to produce a unit of output.

The wages of workers: If the wages of workers rise, businesses will need to hire fewer workers to produce the same amount of output. This is because the higher wages will make it more expensive for businesses to hire workers.

The labor demand curve is a useful tool for understanding how businesses make decisions about hiring workers. It can also be used to predict how changes in the economy will affect labor demand.