Normally, when higher wages are offered, people will want to work more, and the quantity of labor supplied will increase.
The market where labor services are exchanged is known as the labor market. Individual labor supply results from decisions made by people or households about how to spend their free time. The number of households choosing to join in the labor market rises together with the real wage (the nominal wage divided by the price level).
The term "demand for labor" refers to the volume of employees that a company or economy is willing to hire at any particular time. There is no guarantee that this demand is in long-term equilibrium.
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