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. Capital Structure
    Investing

    Capital Structure

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. 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 ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center