ILO:

​a) Factors that influence the demand for labour
b) Demand for labour as a derived demand

Demand curve diagram

Examine two causes behind the expected correlation between the demand for labour and wage rates. (8 marks)
Sajid Javid promises to raise national living wage and bring down its age threshold | ITV News
5 People Play One Guitar - Somebody I Used To Know Cover
Related article:
Why is this an important concept to know for Governments ?

​Factors that influence Demand for Labour

Explain use each of the videos for context, how the demand curve will be impacted by what you've watched. (5 marks)
Coronavirus: High street sees thousands more job losses
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Why solving Britain's productivity problem is key to Rishi Sunak's 2020 budget​
Robot-assisted packaging: 30% more productivity
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Applying it to real world example:

Using the articles below, examine two factors which influence demand for labour. (8 marks)
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(Hint; your answer should refer to MRP thoery and include a relevant diagram)

1. There's an 85% pay gap between degree level and GCSE educated students on average.

2. How long would it take you to earn a top footballer’s ​
Related article:
​Future jobs: Discover the Top 10 jobs in demand for the next 10 years
Explain what is meant by the phrase, labour is a derived demand. (5 marks)
Top 10 Jobs That No Longer Exis

WED

Explain one factor which determines the WED of a premier league footballer. (5 marks)
How Much Do Clubs Make in Broadcasting Income?
Assess the WED of a premier league footballer. (10 marks)
World's Highest-Paid Athletes ( 1990 - 2020 )
TWE: Premier league football finances
Question:
Evaluate the micro and macro effect of the increase in automation and technology for an economy? (25 marks)
​The Robot Revolution: The New Age of Manufacturing
What will future jobs look like? | Andrew McAfee

Revision material

Labour Demand Curve Shifts
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Elasticity of Labour Demand
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