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The Labor market demand and supply

Labor market, according to what I learn about the labor market households
is on the supply side of the labor market and the firms are on the demand side. I
will use a simple example from my past job experience: I was a sales demo in SM
lipa under Toons88 company. The company pays me Php 400 per day. Our
company has 3 demo assigns on SM lipa on regular season and sells bags worth
Php 1000 each. By the start of BER Months or peak season the price of the bags
increases to Php 1,500, Also demand of the product increase that cost to increase
the demand for labor. To maximize the marginal profit of the company, add 4
more seasonal sales demo to increase profit. What I’m trying to show you here is
the demand for output changes. When the demand for the good produce, output
increases both the output price and profitability increase. These factors can shift
labor demand. The Toons 88 also has changed in taste with it comes to hiring new
employees, they prefer 18-24 with less experience in sales. They expect that the
younger generation will be more willing and eager to work longer hours because
they need experience just in case, they want to switch jobs. By this method, the
company gains more profit than hiring old and experienced employees that know
how to slack off during work. This helps the company to maximize the input
required during regular and peak seasons.

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