Demand Curve for Labour

Soon Beng Chew

Chapter 5 in Labour Economics and Public Policy:Managing the Labour Markets for Competitiveness, 2017, pp 57-79 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Firms employ workers to produce goods and services for the product markets. If firms are not profitable, the firms will shut down and there will not be any demand for labour. Hence, labour demand is closely linked to the product demand. Of course, product demand is also subject to business cost. High labour cost, high cost of funds and lack of modern technology can make a good business project look bad. But first let us examine a typical firm as a producer of output.

Keywords: Labour Market Competitiveness; Labour Unions; Macro-Focused Union; Union Social Responsibility; Union as a Public Good (search for similar items in EconPapers)
JEL-codes: J08 (search for similar items in EconPapers)
Date: 2017
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