Backward Bending Supply Curve Of Labour
The backward-bending supply curve of labour is a thesis that claims that as wages increase, people will substitute leisure for working. Eventually, wages can increase to a point where less labour is offered in the market.
Read more about Backward Bending Supply Curve Of Labour: Overview, Assumptions, Inverted S Shaped Supply Curve
Famous quotes containing the words bending, supply, curve and/or labour:
“The train rounds, bending to a scream,
Taking the final level for the dive
Under the river—”
—Hart Crane (1899–1932)
“Odors from decaying food wafting through the air when the door is opened, colorful mold growing between a wet gym uniform and the damp carpet underneath, and the complete supply of bath towels scattered throughout the bedroom can become wonderful opportunities to help your teenager learn once again that the art of living in a community requires compromise, negotiation, and consensus.”
—Barbara Coloroso (20th century)
“In philosophical inquiry, the human spirit, imitating the movement of the stars, must follow a curve which brings it back to its point of departure. To conclude is to close a circle.”
—Charles Baudelaire (1821–1867)
“Shall I find comfort, travel-sore and weak?
Of labour you shall find the sum.
Will there be beds for me and all who seek?
Yea, beds for all who come.”
—Christina Georgina Rossetti (1830–1894)