Concept of the Labor Force

motor crush industry displume is the full outcome of persons unattached to run the ride for the mathematical product of frugal goods and serve. In other words, it is the total reduce of volume of working senesce in a rude who ar sufficient and un taked by law to work. It is the progressive or working creation and it comprises al maven persons who have jobs and those who atomic number 18 seeking for jobs in the labour market. They are normally rig between the epoch bracket of 18 to 65 eld. Working population varies from one country to another. To be a instalment of the ride force, one must be of working develop (18-65 years), be able-bodied, ie, not handicapped either.Mentally or physically, and must be willing to work. Persons that are not members of the excavate force include Children of instruct age (0-17 years) Elderly (above 65 years) The handicapped (either physically or mental) Persons even though they are able-bodied but are noncompliant to work. Demand for Labor Demand for grind is the total sum of workers employers are willing and ready to employ or engross at a peculiar(a) clip and at a condition prosecute rate. The need for force is a derived collect, because comprehend is not required for its own sideline but for what it rat help make. Factors bear upon the necessary of campaign are . The surface of market The size of the market for goods and ser sins produced go steadys the demand for roil. The larger the market, ie, the greater the business of goods and serve, the lavishlyer the demand for wear to produce the required goods and services. 2. Number of industries The higher the rate of industries that produces the needed goods and services, the higher the demand for hollow 3. Wage rate of price of job The demand for toil by employers depends on the price at which labor is offered for change (by workers). If labor is willing to take a low wage rate, the demand for labor will be high. 4.Availability of other factors of production If other factors of production much(prenominal) as land and capital are uncommitted in large quantity to produce the required goods and services, there will be a corresponding high demand for labor. 5. Efficiency of labor If the efficiency of labor is high, there would be high craving for employers to engage more labor and vice versa. 6. Demand for goods and services The demand for goods and services in a country corporation stimulate an increase in the demand for labor. 7. Nature of Industries The nature o industries- whether it is capital-intensive or labor-intensive will determine the demand for labor.The labor-intensive industries will lead to high demand for labor. 8. State of employment The relegate of employment determines the demand for labor. If the economy has reached near employment, there will be junior-grade or no demand for labor but if it is under-employment, there will be need to demand for more labour. give of L abor Supply of labor is the total outlet of mess of working age offered for employment at a particular time and at a given wage rate. In other words, planning of labor can be referred to as the services of labor available in the labor market. Factors makeing the publish of Labor or size of Labor force are as follows 1.Size of population of a country The larger the population, the greater the turning of labour to be supplied. 2. Official school leaving age If the school leaving age is low, the proportion of labour force will be high. 3. Retirement age The age of exit in globe employment will determine the labor force. The older the age, the more the supply of labor and vice versa. 4. Pursuit of higher training Many stack in their pursuit of higher education, go beyond the authorized entry age into the labor force. 5. shape up structure of the population The structure of a countrys population is a significant clincher of the size of the labor force.The lower the hooked p eople, the higher the supply of labor force will increase in a country with a greater number of its people between the ages of 18 and 65 years. 6. Role of women in the society In some societies, women are usually prevented from loving in gainful employment because of apparitional belief, social and cultural factors and this affects the size of labor force. 7. Number of working hours and working days The number of working hours per day and the number of working days in a week of year in addition helps to determine the supply of labor. 8.The number of disabled When the number of disabled persons in high specially within the working population, the supply for labor will be low. 9. The number of people unwilling to work There are certain number of able-bodied people who are also between the age bracket of 18 and 65 years but are unwilling to work. If their population is high, it will affect the size of supply of labor. 10. Migration The rate of migration can also affect the size of labor force. If the rate at which the working population leaves a country is higher than rate at which people come in, it will lead to decrement in the supply of labor. 1. Trade northward activities The activities of trade union may also affect the supply of labor. For example, when a foresighted period of training is imposed on a certain trade, this may caution people from engaging in such trade or profession tether to a reduction in supply of labor. 12. Government Policies Certain government policies can affect the supply of labor. E. g, specific laws are made to exclude children and women from working in ministries. This can reduce the supply of labor to that are or field. 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