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Definition of 'Unskilled Labor'
A segment of the work force associated with a low skill level or a limited economic value for the work performed (human capital). Unskilled labor is generally characterized by low education levels and small wages. Work that requires no specific education or experience is often available to workers who fall into the unskilled labor force.
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Investopedia explains 'Unskilled Labor'
Unskilled labor provides a significant part of the overall labor market, performing daily production tasks that do not depend on technical abilities or skills. Menial or repetitive tasks are typical unskilled labor positions. Jobs that can be fully learned in less than 30 days often fall into the unskilled labor category.
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Search results for 'Unskilled Labor'
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http://www.investopedia.com/exam-guide/cfa-level-1/macroeconomics/economic-rent.asp
... Opportunity Cost; 4.8 Monitoring Cycles, Jobs, and Price Level; 4.9 Key Labor
Market Indicators; 4.10 Types of Unemployment; 4.11 The ...
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http://stocks.investopedia.com/stock-analysis/2011/The-Job-Market-Hurts-Companies-Too-CAT-BA-SI-APOL-MCD-MSFT-GE1006.aspx
... company, Caterpillar (NYSE:CAT), highlighted the problem; CAT had openings for workers,
but they simply could not find the skilled labor they needed. ...
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http://www.investopedia.com/exam-guide/cfa-level-1/macroeconomics/marginal-product-revenue.asp
... Opportunity Cost; 4.8 Monitoring Cycles, Jobs, and Price Level; 4.9 Key Labor
Market Indicators; 4.10 Types of Unemployment; 4.11 The ...
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http://www.investopedia.com/articles/economics/09/labor-mobility.asp
... (For more on this, see Surveying The Employment Report.); Increase productivity.
Not all laborers added to the labor supply will be unskilled. ...
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http://financialedge.investopedia.com/financial-edge/1011/Business-Leaders-Weigh-In-On-Global-Economies.aspx
... In order to continue developing, they must shift from unskilled to skilled labor,
must modernize their financial systems and move away from exporting ...
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