1. Influences upon the supply of labour to different markets

2. The supply of labour to a particular industry is influenced by monetary and non-monetary factors.

3. The supply of labour
Generally the higher the wages rate, the greater the number of people who will want to work in that sector.
Real Wages S W1
QD1
Quantity of labour

4. Shifting the supply of labour curve
Improvements in non-monetary factors
Seeking a material increase in the standard of living
Falling incomes (?)
An increase in population
An Aging population
Real Wages S W1
QD1
QD2
Quantity of labour

5. Non-monetary factors
Where the following non-monetary factors exist, to workers are more likely to offer their labour that firm or industry.
Convenience and flexibility
Status
Promotion
Job security
Working conditions
Holiday/leisure time
Perks and fringe benefits
Job satisfaction

6. The backward bending supply curve
The backward bending supply curve suggests that after securing a wage that provides for a certain standard of living, hours worked may decrease.
Real Wages S B W2 A W1 QS QS
Hours worked per year