Question

In: Economics

how will the new work from home phoneme impact the labour market? due to Coronavirus, how...

how will the new work from home phoneme impact the labour market? due to Coronavirus, how will it impact labour supply decisions of indiviuals? how wil it impact labour demand decisions from firms? how will it impact the labour force participation rate in ontario/ canada

Due to Covid how will the labour market be affected

Solutions

Expert Solution

Working from home has led to the increased demand of the individuals who work on the internet.


Explanation:

This has resulted in a boost in their wages and their working hours.

Those who believe to be susceptible to the virus will modify their labor supply decisions to minimize their risk of infection.

Some people may consider not taking up certain job offers as they may expose themselves to the virus. Firms are adjusting simultaneously to the labor demand.

This is to help them cope with the contraction in sales and the disruption in supply chain.

The virus has resulted in an increase in inequalities in the Canadian labor market.

The effects are more pronounced among those who are young, uneducated or unmarried.

Rahul Sunny answered 2 years ago
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