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Capital supply in the model is determined by the savings investment module while labour supply, for both skilled and unskilled labours, adjusts to keep the real factor price of labour fixed.
Similar(59)
A large unskilled labour pool finds few jobs to do.
His office speeded it through for reasons unconnected to the national shortage of unskilled labour.
The supply of cheap unskilled labour, once seemingly limitless, has started to dry up.
The problem we've got is, we have got a massive oversupply of unskilled labour".
As Mr Levy puts it, "we tax unskilled labour through the social-security system.
Between them the three mining zones were large-scale employers of unskilled labour.
Women migrant workers faced triple discrimination for being poor unskilled labour, female, and rural in origin.
He points out that unskilled labour is increasingly scarce in America.
The regime didn't want them to get more education because they needed cheap unskilled labour".
Demand for unskilled labour has been falling in all rich countries.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com