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Adriene: Welcome to Crash Course Economics, Im Adriene Hill, Jacob: and Im Jacob Clifford, and today were going to talk about labor markets, a pretty important topic. Adriene: Unless youre independently wealthy, or fine with living in your parents basement, you probably need to get a job. But how do you even get a job? And what kind of job should you get? In a lot of ways, it comes down to supplying a skill that someone else demands. [Theme Music] This is Cristiano Ronaldo. He makes about $20 million a year playing soccer. Or football, depending on where you live. Pretty much everybody would agree no one NEEDS that kind of money, but does he deserve it? How do his employers, the Real Madrid Football Club, justify this huge salary? Admittedly, the market for professional athletes is complex, but on some level, its supply and demand. The supply of people that have the skills to be world class soccer players is low. And the demand for world class soccer players is incredibly high. R