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Word Count: 515
In the article we find that teenagers have the oppertunity to be demanding about theirsalary in the baby sitting field because the amount of babysitters today are scarce Thebabysitting population teenagers find themselves busy with school part time jobs andextracirricular activity Teenagers with drivers licenses are even more scarce than thosewith out all in all Its hard to find a babysitter Times have changed just twenty yearsago there were 33 million children who needed to be watched and 39 millionbabysittersage 10 - 19 recent polls suggest that children that need to be watched raised18 percent to 39 million while baby sitters dropped 5 percent to 37 million The rise inchildren coupled with American families spending more time out then years ago hasallowed the babysitters to set their price with out haggeling Baby sitters are making wellover the federal minimum wage of 515 an hour because they are in demand and scarce the babysitters who train in CPR serve dinner and drive are the hardest to come by and In this article we see many examples of supply and damand and the powers ofsupply and demand Babysitters are in demand there is an increase in the amount ofchildren who need to be watched yet there are relativly few who choose to babysit fromthe allready decreased amount of the babysitter work force This gives the babysitter theadvantage of a noncompetitive work force allowing the baby sitter to set the price without bargaining If we were to compare two different production possibility frontiers wewould see a left shift of the curve while demand for baby sitters rises from 1980 to 1996 In economics we concider this an inflation the amount of resourcesbabysitters decreasedwhile the demand for them rose This is what we would concider the begining of aneconic problem because the resources are scarce This resulted in an increase of price for We also see that the most experienced oldest responcible and best trainedbabysitters set the highest prices
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