Factors

Results

Demand for

When the demand for the good produced (output) increases, both the output price and profitability

Output

increase. As a result, producers demand more labor to ramp up production.

Education

and Training

A well-trained and educated workforce causes an increase in the demand for that labor by

employers. Increased levels of productivity within the workforce will cause the demand for labor to

shift to the right. If the workforce is not well-trained or educated, employers will not hire from

within that labor pool, since they will need to spend a significant amount of time and money

training that workforce. Demand for such will shift to the left.

Technology changes can act as either substitutes for or complements to labor. When technology

acts as a substitute, it replaces the need for the number of workers an employer needs to hire. For

example, word processing decreased the number of typists needed in the workplace. This shifted
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