Discussion response: Labor Supply and Demand (Essay Sample)

Please read each response and respond to it. 
Identify three new avenues for advertisement and product placement aside from those being used today.
What benefits and drawbacks do other students predict will result from those new advertising techniques?
Use any personal experience, if appropriate, to help support or debate other students' posts. If differences of opinion occur, debate the issues professionally and provide examples to support your opinions.
Please keep them separate. I have included the topic. 
Topic: Discuss labor supply and demand.
Address the following in your post:
Besides training and education, what are some of the things that have a significant impact on the supply and demand of labor?
Explain why you believe they have such an impact.
What other factors can directly influence the labor market?
Response 1: 
The wage factor is the most significant issue affecting labor supply and demand. People do not typically work for fun. They work for money and the amount they get paid is a central factor in deciding whether they will take a job or stay at a job when something else is available. Higher wages increase the labor supply for a company because it makes the job more attractive to more people. Lower wages, however, may increase the labor demand because companies can afford to hire more people at a lower rate than at a higher rate.
Barriers to entry is a second factor that affects labor supply and demand. Demand from hiring companies may go up because the employees they seek are specialized in some particular skill or have many requirements of new hires. 
Response 2: 
The main impact on the supply and demand of labor is wages and salaries. This is because workers’ wages varies from occupation to occupation. Like with goods and services purchased by consumers, labor that is also traded in markets can impact both supply and demand. I believe there’s an impact because like with minimum wage, every time Congress votes to increase it there’s a debate about its effect on unemployment. People will look for work seeking the higher wage, but at the same time employers will lay off workers because they cannot or will not pay them more than the free market dictates. Other factors that that can influence the labor market are population, immigration and labor force participation.