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Labor Supply And Demand During The Great Depression

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Labor Supply And Demand During The Great Depression
Labor Supply and Demand | XECO/212 | | Patricia Shackles | 3/1/2013 | Terry R. Blankenship, MBA, CBB |

The great depression was a 10-year long event that started with the stock market crash in 1929. During the great depression, several people were taking their money out of the banks to use because of the lack of jobs and lower wages. The great depression mainly affected the blue-collar sector of workers and their families the hardest. The layoff level in all of the factories was at a high rate Labor demand went down and unemployment levels went up. Most factories in the U.S. closed since commodities could not be sold and companies could not afford to make them. People struggled to make ends meet in the meager job market.
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