Michael works in the auto manufacturing sector, which has experienced decreased demand. He will see his wages lower.
There will be a reduction in the amount of labor that is demanded, and the demand curve will move upward. Employers are more likely to increase their employee count if wages and salaries are reduced.
Demand for labor will grow, which will cause the demand curve to go downward.
According to the ceteris paribus premise, the labor demand curve depicts the number of workers that companies want to hire at a given pay or compensation level.
The amount of work requested will alter in response to a change in wage or salary. Employers would prefer to recruit fewer workers if the wage rate increased.
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