Labor substitution
Type: Concept
As of November 2026, Labor substitution has been mentioned in one podcast episode on The Ezra Klein Show (Dec 2025).
In economics, the Hicks–Marshall laws of derived demand assert that, other things equal, the own-wage elasticity of demand for a category of labor is high under the following conditions:When the price elasticity of demand for the product being produced is high, an increase in wages will lead to a large change in the quantity of the final product demanded affecting employment greatly. When other factors of production can be easily substituted for the category of labor. When the supply of other fa
| Mentioned in | 1 episode on 1 podcast (as of November 2026) |
|---|---|
| First heard | Dec 2025 on The Ezra Klein Show |
Who talks about Labor substitution on podcasts?
Ezra Klein brought up Labor substitution; the most recent mention was Dec 2025 on The Ezra Klein Show.
What is Labor substitution mentioned alongside?
Labor substitution is most often mentioned alongside Bloomberg, Cisco and Flexport.
Mentioned together: Bloomberg, Cisco, Flexport, Google LLC, Donald Trump, Standard Chartered, JPMorgan, Tracy Alloway, Joe Weisenthal, Brad Setser