Describe the behavior of labor markets

Reference no: EM13198463

India is a rapidly growing country, with surging labor productivity, but vast rural areas remain among the poorest on the planet and may still have larger populations than the more affluent urban areas. People from the countryside, especially from minority tribes, move to the vibrant cities, earn what they felt they need and return to the countryside, returning more quickly the more they earn per hour. Describe the behavior of labor markets that employ such people. If you can describe(do not draw) a graph of what happens.

Reference no: EM13198463

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