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Economics, Economic Systems
Year 2
Shift in labor
Since the September 11th attack there has been an increase in the demand for security personnel: police, air marshals, airport security, etc. How has the higher demand affected the equilibrium wage?
In which direction do you think the labor supply and demand shifted?
I personally see a shift in both directions. Security personnel the shift would have been to the right however for airline personnel a shift to the left since there were less travelers. As for the airlines themselves experienced great financial set backs and layoffs.
By OTA: Saurabh Bansal, MBA (IP)
OTA Rating: 4.8/5
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