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:
“This Great God,
Like a mammy bending over her baby,
Kneeled down in the dust
Toiling over a lump of clay
Till He shaped it in His own image;”
—James Weldon Johnson (1871–1938)
“Has God’s supply of tolerable husbands
Fallen, in fact, so low?
Or do I always over-value woman
At the expense of man?
Do I?
It might be so.”
—Robert Graves (1895–1985)
“And out again I curve and flow
To join the brimming river,
For men may come and men may go,
But I go on forever.”
—Alfred Tennyson (1809–1892)
““To be born woman is to know—
Although they do not talk of it at school—
That we must labour to be beautiful.””
—William Butler Yeats (1865–1939)