Cards (6)

    • Pay/remuneration
      The higher the wage offered, the more people are willing to sacrifice their time and supply of labour
    • Working Conditions
      Attractive working conditions encourage a higher supply of labour to the workforce and vice versa
    • Human Capital, Skills, Experience, Education/training Levels
      Acquiring these may be difficult so there may be a lower supply of labour to firms/industries that require a higher level of education. Changes in availability of education will influence skill levels in the workforce.
    • Occupational Mobility of Labour
      The ease which workers can move from one job to another to take advantage of higher wages or better conditions
    • Geographical Mobility of Labour
      The relative ease with which workers can relocate within a nation or region to find jobs that require their skills
    • Participation Rate
      Individuals may not want to participate in the labour force because they
      • want to undertake further study
      • need to care for family
      • want to concentrate on leisure activities