The labor market is a market where labor is
suppled and demanded.
In the labor market labor is supplied by households
rather than firms.
At any time the labor market can shift.
Due to things like changes in technology.
Technology would help the worker be more productive
during the day.
Therefore, shifting the demand curve to the
right.
Another factor that can affect the demand
curve for labor markets is an increase in
human capital which would affect the productivity
levels because workers are more likely to
go out and acquire the skills and knowledge
necessary to be more productive during a job.
