Load a scenario
Employment at Stage 1
most upstream stage
−0.71 percent
Employment at Stage 3
final stage
−0.71 percent
Price at the shelf
what households pay
+2.88 percent
Change in employment at each stage
These are percentage changes. The stages are not the same size, so a smaller percentage at a larger stage can still be more workers.
Why employment changes: the three parts
Each part is in percent of that stage's own employment. The dot marks the total.
How the price rise passes down the chain
Every stage, in percent
| Stage | Price | Factor price (pay and equipment) | Output | Employment |
|---|---|---|---|---|
| Stage 1 | +10.22 | +0.43 | −3.64 | −0.71 |
| Stage 2 | +5.32 | +0.43 | −2.17 | −0.71 |
| Stage 3 | +2.88 | +0.43 | −1.44 | −0.71 |
Cost of living: +0.43 percent. All figures are percentage changes of that stage's own level.