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. What Is Opportunity Cost And Why Does ...
    Economics

    What Is Opportunity Cost And Why Does ...

comments powered by Disqus
Hot Definitions
  1. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  4. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  5. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center