Skilled Labor

AAA

DEFINITION of 'Skilled Labor'

A segment of the work force with a high skill level that creates significant economic value through the work performed (human capital). Skilled labor is generally characterized by high education or expertise levels and high wages. Skilled labor involves complicated tasks that require specific skill sets, education, training and experience, and may involve abstract thinking.

INVESTOPEDIA EXPLAINS 'Skilled Labor'

Skilled labor is the specialized part of the labor force with advanced education. Examples of skilled labor include physicians, plumbers, attorneys, engineers, scientists, builders, architects and professors.

RELATED TERMS
  1. Headhunter

    A corporation or individual that provides employment recruiting ...
  2. Labor Market Flexibility

    Firms' ability to make changes to their workforce in terms of ...
  3. Labor Productivity

    A measurement of economic growth of a country. Labor productivity ...
  4. Department Of Labor - DOL

    A U.S government cabinet body responsible for standards in occupational ...
  5. Human Capital

    A measure of the economic value of an employee's skill set. This ...
  6. Bureau Of Labor Statistics - BLS

    A government agency that produces economic data that reflects ...
Related Articles
  1. The Economics Of Labor Mobility
    Economics

    The Economics Of Labor Mobility

  2. How Education And Training Affect The ...
    Economics

    How Education And Training Affect The ...

  3. 2 Years Of Education, A Lifetime Of ...
    Personal Finance

    2 Years Of Education, A Lifetime Of ...

  4. Executing A Swot Analysis
    Investing Basics

    Executing A Swot Analysis

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center