Labor Economics lecture 4 (1 of 2) -- Labor market equilibrium

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[ COMPLETE VIDEO LIBRARY: http://www.halsnarr.com/snarrinstitut... ] Competitive labor market equilibrium (0:00), Minimum wage creates unemployment (2:18), cobweb web model (5:13), long run dynamics and data observation (13:33), Pareto efficient (17:17), Producer surplus (), Worker surplus (), The competitive market maximizes total surplus (), Payroll taxes assessed on firms (), Payroll taxes assessed on employees (), Payroll taxes assessed on firms and employees (), Payroll taxes assessed on firms with inelastic labor supply (), employment subsidies paid to firms ()

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