Presentation is loading. Please wait.

Presentation is loading. Please wait.

A Decrease in the Supply of Workers in the Labor Market L ESSON 15 – W AGES AND THE B LACK D EATH F OCUS M IDDLE S CHOOL W ORLD H ISTORY © C OUNCIL FOR.

Similar presentations


Presentation on theme: "A Decrease in the Supply of Workers in the Labor Market L ESSON 15 – W AGES AND THE B LACK D EATH F OCUS M IDDLE S CHOOL W ORLD H ISTORY © C OUNCIL FOR."— Presentation transcript:

1 A Decrease in the Supply of Workers in the Labor Market L ESSON 15 – W AGES AND THE B LACK D EATH F OCUS M IDDLE S CHOOL W ORLD H ISTORY © C OUNCIL FOR E CONOMIC E DUCATION, N EW Y ORK, NY

2 Medieval Pillory Punished Those Who Violated the Statute of Laborers L ESSON 15 – W AGES AND THE B LACK D EATH F OCUS M IDDLE S CHOOL W ORLD H ISTORY © C OUNCIL FOR E CONOMIC E DUCATION, N EW Y ORK, NY

3 Results of the Great Plague 1.The Statute of Laborers is issued in England. 2.Workers begin to ask for higher wages. 3.Some peasants buy their own land. 4.To reduce their labor costs, some producers shift from growing grain to raising sheep. 5.Millions of Europeans die after being infected by the plague bacteria. 6.The supply of workers in Europe decreases. 7.The standard of living of peasant workers rises and they can choose where to work. 8.Producers begin to pay more “in kind” benefits and pay illegally high wages. Place the statements in the correct order: L ESSON 15 – W AGES AND THE B LACK D EATH F OCUS M IDDLE S CHOOL W ORLD H ISTORY © C OUNCIL FOR E CONOMIC E DUCATION, N EW Y ORK, NY


Download ppt "A Decrease in the Supply of Workers in the Labor Market L ESSON 15 – W AGES AND THE B LACK D EATH F OCUS M IDDLE S CHOOL W ORLD H ISTORY © C OUNCIL FOR."

Similar presentations


Ads by Google