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Total hours that workers or employees are

willing to work at a given wage rate.


A typical labor supply curve is upward-sloping,
which means that as wages rise, workers are
usually attracted and incented to work more hours.
Changes in Price of Related Goods

Expectations about the Future

Size of the labor force


Immigration & number of people
leaving to seek better opportunities in other
countries

Foreign direct investments


if the cost of vacations or other recreational activities
increases, individuals will consume less leisure hours
and as result supply more work hours, shifting the curve
to the right.
if people believe that they will not have social
security income, they may work more, causing
an increase in the labor supply and shift to the
right.
The size of the labor force depends on the
size of the Population;

and the percentage of the population


participating in the labor market.
Higher population raises labor supply
Labor supply curves shifts right
if a country enacts tougher immigration laws that
result in lower overall population, that may cause a
shift of the labor supply curve to the left because of
the smaller pool of workers.
The Mystery of Why Japanese People Are Having So
Few Babies
ALANA SEMUELS JUL 20, 2017

In a culture that places such an emphasis on men being breadwinners,


this has serious implications for marriage and childbearing. Men who
dont have regular jobs are not considered desirable marriage partners;
even if a couple wants to get married, and both have irregular jobs, their
parents will likely oppose it, according to Ryosuke Nishida, a professor at
Tokyo Institute of Technology who has written about unemployment
among young workers.

About 30 percent of irregular workers in their early 30s are married,


compared to 56 percent of full-time corporate employees, according to
Kingston. Japan has this idea that the man is supposed to get a regular
job, said Nishida. If you graduate and you don't find a job as a regular
employee, people look at you as a failure. Theres even a tongue-in-
cheek Japanese board game, Nishida told me, called The Hellish Game
of Life,in which people who dont land a regular job struggle for the rest
of the game.

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