use it to highlight broad trends in the market For example, if we want to show the impact of an increase in the demand for labor throughout the economy, we can show labor as a single market in which the increase in demand raises wages and employment Figure 12.2 Alternative Views of the Labor Market One way to analyze the labor market is to assume that it is a single market with identical workers, as in Panel (a) Alternatively, we could examine specific pieces of the market, focusing on particular job categories or even on job categories in particular regions, as the graphs in Panel (b) suggest But we can also use demand and supply analysis to focus on the market for a particular group of workers We might examine the market for plumbers, beauticians, or chiropractors We might even want to focus on the market for, say, clerical workers in the Boston area In such cases, we would examine the demand for and the supply of a particular segment of workers, as suggested by the graphs in Panel (b) of Figure 12.2 "Alternative Views of the Labor Market" Attributed to Libby Rittenberg and Timothy Tregarthen Saylor URL: http://www.saylor.org/books/ Saylor.org 624