Labor Markets and Minimum Wage: Crash Course Economics #28
Labor Markets and Minimum Wage: Crash Course Economics #28
How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there…
source
Reviews
0 %
its crazy cuz my college is teaching this stuff in my econ class rn
Ronaldo dose really want to play at Europe for free, but no EU club give him a chance.
The story of henry ford is flawed. Because he got sued by stock holders for “waisting money”
4:06 it's just a blatant explorative money machine
2:35 Which brings the idea of Productivity, those can do the job faster or are better at it will steal the job from the other. Through this perspective sport teams behaviour makes a lot more sense, that's why bball players love to say "it's a business."
But i wonder how this heartless dynamic effects the minds and envinronment of the people around it. That must be what created the "Workers Right."
LTV believers are crying RN 😂
Love this channel
Maybe we need maximum wage. Should the CEO of a defense contractor be paid $20 million a year of taxpayers money?
Why Jacob isn't getting more screen time
She's speaking 15x faster than any human brain is even close to being able to process.
Have you seen how angry she was when talking about the minimal wage?
10:03 Messi took that advice seriously 😂😂
"I'm not gonna tell you what to think, but here's what to think" Wow. I hate that my teachers still assign crash course videos. At least the econ videos aren't as annoying as the John Green videos.
I already live near Bernabeu…now I just have to become Ronaldo
How many ACDC belts does this man own
I didn't know that Mark Cuban was an econ teacher.
yooooooooo peep the ACDC belt buckle!!
Labor Market , Voluntary Exchange , Skills , Wage Discrimination , Monopsy , Efficacy Wages , Union , Minium Wage .
Engineers = high salary? Not in the Philippines
$15 min wage has been proven to work in the places it's applied in the USA. The only losers–and even then only slightly–is stockholders.
wages have a floor: rent+food+transport. Many corporations ignore this.
I wish the teachers I had in High School & College were this much fun and passionate about teaching!
1:01 how do you fit $5 million dollars in that little sack?
Its 3 years later…. and still no idea what this video demonstrates?
Screen boarder is fine, but the body language of that blonde woman is pretty distracting. CC still helps me lot more than my prof tho lol
maybe lose the acdc belt buckle? It was distracting and looked unprofessional.
What if instead of shareholders the government could buy limited stock from companies? Will it incentivize companies to bring down prices more bc there is not as many shareholders looking for massive profits? And it can help spread wealth and create new opportunities for people?
watching in 2020 and flickering still there at @. guess comments don't get read.I stopped watching.
Great content, ai will reduce low skilled or semiskilled labour force needings. Every aspect of our economy understanding and estimates have to change in order to catch up with the pace of the current world
stopped at 05:10
When I was out of college looking for a job in engineering, I worked at a small computer repair business for $9/hr for a while. There were three people who worked there, and they hired me to take some of the load off. If the minimum wage were much higher than that, I think they would've just sucked it up and worked harder.
I'm not saying this is a super common situation, just that these situations definitely exist.
Could you do a video on comparative advantage (specialization economics) by David Ricardo?
The AC DC belt buckle!
Simply making a greater percentage of the workforce more skilled isn't a substitution for a minimum wage. There will always be a need for at least some unskilled labor.
Please tell me you guys don't take the 'u' out of labour 🤦♂️