Economics Supply and Demand
In the article we find that teenagers have the oppertunity to be demanding about theirsalary in the baby sitting field, because the amount of babysitters today are scarce. The babysitting population, teenagers, find themselves busy with school, part time jobs, and extracirricular activity. Teenagers with drivers licenses are even more scarce than those with out, all in all, It's hard to find a babysitter. Times have changed, just twenty years ago there were 33 million children who needed to be watched, and 39 million babysitters(age 10 - 19), recent polls suggest that children that need to be watched raised 18 percent to 39 million while baby sitters dropped 5 percent to 37 million. The rise in
over the federal minimum wage of $5.15 an hour because they are in demand, and scarce; advantage of a noncompetitive work force, allowing the baby sitter to set the price with while the demand for them rose. This is what we would concider the begining of an between the baby sitters resulting in price decreases. Today with fewer baby sitters, all would see a left shift of the curve while demand for baby sitters rises, from 1980 to 1996. allowed the babysitters to set their price with out haggeling. Baby sitters are making well babysitters set the highest prices by up to 60% from a "novice" sallery of $4 to a "expert" n families spending more time out then years ago, has We also see that the most experienced, oldest, responcible, and best trained
Some common words found in the essay are:
, baby sitters, supply demand, children watched, consumer willing, babysitters set, set price, willing pay, increase price, age 10,
Approximate Word count = 523
Approximate Pages = 2 (250 words per page double spaced)
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