List the factors that influence the price of labor

Worker Availability. When there is a shortage of workers who have the skills, talents, experience and education necessary to complete the tasks an employer needs done, the few workers who are available can demand higher pay.

Location.

Task Difficulty.

Efficiency.

Unions.

Legislation.

Employer Philosophy.

Location

Task Difficulty

Efficiency

Unions

Legislation

Employer Philosophy.

Worker Availability. When there is a shortage of workers who have the skills, talents, experience and education necessary to complete the tasks an employer needs done, the few workers who are available can demand higher pay.

The answer is The Panic of 1893 was a national economic crisis set off by the collapse of two of the country's largest employers, the Philadelphia and Reading Railroad and the National Cordage Company. Following of the failure of these two companies, a panic erupted on the stock market.