what does labor force affect asides from price of commodities?
352321
Supply chain, the more labor force in the indsutry, the higher the yeild and capacity, the smoother is the supply.\n\nCase, factories in Donguan China is facing a severe labor shortage, which makes most of the product coming from this region lower in quantities than the product being built in SuChou China, where labor force is abundant.\n\nAs a manufacturing person, I look at the yield and capacity, not the cost. I can supply more, I can sell more, cost is a factor of market, not supply chain.
134697
Well, if you are producing something, you often flood the market, devaluing your own product. Also, staffing can become difficult in some areas, especially if you don't outsource jobs, etc. It makes management much more complex. Also, workers may unionize, which is a NIGHTMARE.
1180824
Jobs moving from areas of higher levels of income to lower.  Eventually, one would hope that those areas will see income pressures as well as transportation costs increasing which will stem the flow of jobs away from the more developed nations.
384280
when government subsudizes a certain sector, that reduces the cost of production of the good. that leads to increase in world supply and price eventually falls, assuming demand does not change.
30204
To name a few...\n\n- High cost of labor (salary, benefits, insurance, etc.);\n- High state & local taxes;\n- Strict state business laws;\n- Strict environmental standards; and\n- High energy cost.
531002
A sum of average wages in every country multiplied by number of employed in every of them... If to count only legally working persons.\n\nADDITION taking into account other answers: currency matter little - almost all products move all over the world now. Another thing that some people evaluate the same services more or less. Mostly because of lower investment into their self-esteem and education... That makes one countries even more poor than they could be.
367823
To simply put it, as inflation goes up so does interest rates and prices of cars. It will be harder for people to buy a car and if less people buy cars then factories need less workers so they layoff autoworkers.
646463
No, but an increase in wages would increase the costs of many goods and services depending on how labor intensive they are. So that would offset the increase by a good portion. I personally think that increasing it based on personal preformance is a better adjustment to make.
757922
A high inflation rate lowers the value of the dollar.  More foreigners by U.S. goods and less Americans buy foreign goods.  \n\nAmericans making a fixed wage can not purchase as many goods with inflation as they could previously.
337566
farming, forestry, and fishing 0.7%, manufacturing, extraction, transportation, and crafts 22.9%, managerial, professional, and technical 34.7%, sales and office 25.4%, other services 16.3% \nnote: figures exclude the unemployed (2005)
498655
the economic status of the south allowed for industrial speculators to move in and increase the size of industrial manufacturies. Labor was cheap, people needed to eat. Slavery being abolished also meant that the labor force was decreased (whites now had to work for themselves).\n\nThe market went from agraian (many people producing much food) to industrial (few people roducing most of the nations food.) This meant jobs went from agriculture to industry.
702426
Pro:  The minimum wage ensures that mentally disabled/challenged workers are not legally taken advantage of, in terms of pay.\n\nCon:  The economic value of a job is not changed by the minimum wage.  Raising the minimum wage simply raises the prices of goods & services (inflation) and increases the attractiveness of foreign outsourcing.\n\nThe minimun wage is a great campaign issue because most voters want/expect a raise.  In reality, it is a worthless promise of increased wealth.  In relative, inflation adjusted terms, the minimum wage earners will still be poor and have the same buying power.
1065356
Price Stability (Low Inflation)\n\nIf wages go up then you cannot hire too many workers.\n\nExample:\nIf today Congress passed a new Bill to lower the Minimum Wage to $3.15 then most companies could hire almost twice the number of workers they now have and that would reduce unemployent.\nThat law is never going to be proposed by any Congressman because it would not be popular and that would cost him the election. Despite the fact, low unemployment is good for everyone it also causes less Crime and more Profits.\n\nOn the other hand, if the minimum wage is changed to $10.30 per hour then most companies would have to fire half the employees to make the same profits and that would increase unemployment and crime.\nIf a Congressman proposes that law it will be very popular and it will probably will give him an election. \nYes, the more damage you make the more popular you are.\n\nHigh wages cause inflation.\n\nIn the United States of America the wages are the highest in the world and that is eventually is going to cost millions of jobs.\n\nSince 1994 companies have been moving out of the United States of America to Mexico, China and India.\n\nThat trend cannot be reversed unless you bring the mexicans to the United States of America (As opposed to send the factories to Mexico)\n\nIn a company moves to Mexico not only employment is reduced but also taxes and if you are unemployed you cannot spend too much money.\n\nIn fact, Mexico is now the 12th richest country in the World because of this.
984285
You could use the U.S. auto industry versus the Asian or more specifically the Japanese auto industry as a good example.  Unions versus non-union factory.  The U.S. has to price their autos higher to recoup the higher wage costs while the Japapense markets can price their autos lower since they don't have union shops, thus lower wage costs.
470109
observed phenomenon in economics where the economy experiences booms and slumps. Any force that influences national income would influence the business cycle.\n\nY = C + I + G + NX\n\nNational Income = Consumption + Investment + Government + Net Exports.
485345
markets do mainly though some foreign countries/cartels such as Venezuela/OPEC have a lot of say. Economics still out as if price too high people use less. Supply & demand
531621
There is no job that americans, or anyone, would not do for the right price.  The markets would adjust, and the price of cheap labor would rise until people would do it.  Realize that there is not a single industry where the majority of manual labor is done by illegal immagants.  Not agriculture (where they are 24% of workers), not construction (14%), cleaning (17%) or any other recognized field.  Note that the statistics I quoted above are from the Pew Hispanic Center, not very conservative.