Table 1: Projected heat pump installations and vocational technical graduates in Germany (000s), 2024 to 2035
| Metric | Year 2024 | Year 2035 (forecast) |
|---|---|---|
| Cumulative domestic heat pump installations | 1,500 | 5,800 |
| Annual heat pump installation targets | 250 | 750 |
| Annual HVAC and plumbing apprenticeship graduates | 85 | 68 |
| Total active building-services workforce (aged 18–64) | 520 | 545 |
Explain how the data in Table 1 show that there is likely to be substantial upward pressure on the wages of heat pump installation technicians in Germany by 2035.
64 exam-style questions on AQA A Level Economics 1.6 The labour market (A-level only), covering 1.6.1 The demand for labour, marginal productivity theory, 1.6.2 Influences upon the supply of labour to different markets, 1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets, 1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets, 1.6.5 The Influence of trade unions in determining wages and levels of employment, 1.6.6 The National Minimum Wage, and 1.6.7 Discrimination in the labour market. Each one has a worked solution and a mark scheme showing where the marks go.