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Effect of Black Death on Labor Markets?
Historians believe it resulted in a rise in living standards for peasants farmers and artisans who survived. I need to draw a model (graph) of the labor market to show this result.
I'm just curious--does this shift the LS curve, The LD curve, or both?
Thanks!
As in the Bubonic Plague...
2 Answers
- Anonymous10 years agoFavorite Answer
that's racist.
Additional Details:
that's even more racist.
- simplicitusLv 710 years ago
It should be obvious.
A smaller population means a smaller workforce means less labor available at the same price.
It may also be the case that a smaller population means a lower demand for labor, but it was the poor that were killed off preferentially. The change in demand was much smaller than the change in supply.
