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-as of [9 DECEMBER 2023]–
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*’labor economics’ seeks to understand the ‘functioning’ + ‘dynamics’ of the ‘markets’ for ‘wage labor’*
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(“labo(u)r markets” (or job markets) function through the inter-action of ‘workers’ + ’employers’)
(“labour economics” looks at the suppliers of “labour services” (‘workers’) and the demanders of “labour services” (’employers’), and attempts to understand the resulting pattern of ‘wages’, ’employment’, and ‘income’)
(in ‘economics’, ‘labor’ is a measure of the work done by human beings)
(it is conventionally contrasted with such other factors of production as ‘land’ and ‘capital’)
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(there are theories which have developed a concept called ‘human capital’ (referring to the skills that workers possess, not necessarily their actual work))
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*👨🔬🕵️♀️🙇♀️*SKETCHES*🙇♂️👩🔬🕵️♂️*
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💕💝💖💓🖤💙🖤💙🖤💙🖤❤️💚💛🧡❣️💞💔💘❣️🧡💛💚❤️🖤💜🖤💙🖤💙🖤💗💖💝💘
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*🌈✨ *TABLE OF CONTENTS* ✨🌷*
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🔥🔥🔥🔥🔥🔥*we won the war* 🔥🔥🔥🔥🔥🔥