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Skilled Labor

   Also found in: Financial, Wikipedia 0.01 sec.
Skilled Labor 

labor requiring specialized preparatory training of the worker, as well as the experiences, ability, and knowledge necessary to fulfill specific kinds of work. Unlike unskilled (simple) labor, skilled labor is complex: one hour of skilled labor is equivalent to several hours of simple labor. In accordance with this, skilled labor is paid at a higher rate than unskilled.



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LONDON, Sept 22 (KUNA) -- The lack of skilled labor threatens the UK plans to bring stability back to the country's economy, revealed a poll here Thursday.
Chrysler contributed nothing but a sensational new automobile and his own name to a complex of factories, machines, and skilled labor that had developed a capacity of engineer, build, and sell cars over the past generation.
Examining the future employment intentions of businesses operating in 11 major economies, KPMG found that despite the economic slowdown and the effect of increased recruitment and wage costs as a result of hiring from overseas, the urge to source skilled labor from other countries remains strong.
 
 
 
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