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Labor Markets And Minimum Wage Crash Course Economics

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 ...

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My names is Jacob Clifford and I'm an economics teacher and all around swell guy. With the ongoing debate over increasing the minimum wage I decided to ...

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This lesson outlines factors that can affect the demand for and supply of labor, causing a change in the equilibrium wage rate and level of employment in a labor ...

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How a minimum wage might effect the labor market Watch the next lesson: ...

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This week we'll see how economies can be broken down into the primary, secondary, and tertiary sectors. We'll look at the three stages of economic revolution ...

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Mr. Clifford's 60 second explanation of how to draw a perfectly competitive labor market and firm hiring workers. Notice that the perfectly elastic (horizontal) curve ...

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Trade Unions may use their collective bargaining power and bid for employers to pay a premium wage (or “wage mark-up”) above the normal competitive market ...

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Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob ...

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They say money can't buy happiness, but who are they? Can money buy happiness? The answer is: sort of. While money may not be able to buy true happiness, ...

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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you'll ...

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In this video on the marginal product of labor, we discuss some commons questions such as: How are wages determined? Why do most Americans earn so ...

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This revision video considers some of the economic arguments for and against raising the national minimum wage in a labour market. It also has some ...

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This revision video takes students through a basic analysis of the impact on wages and employment of a minimum wage introduced into the labour market.

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Is Immigration good or bad? Immigration is a touchy subject in the United States. The 2016 election has been filled with debate about the subject, and both ...

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In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff.

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Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about ...

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What is debt? What is a deficit? And do these things have different outcomes for individuals and nations? Adriene and Jacob answer all these questions and ...

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In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some ...

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