Labor and Wages

Front

The study of labor is part of the branch of economics called...

Back

Macroeconomics

Front

Your health, skills, education and abilities are just some of the things that make up your...

Back

human capital

Front

Picking fruit requires no skills or training. This type of job falls under the category of...

Back

unskilled labor

Front

A yard and lawn landscaper requires enough mechanical skill or training to run a lawn mower. This type of job falls under the category of...

Back

semi-skilled labor

Front

A carpenter is able to operate complex machinery and can perform their job with little supervision. This type of job falls under the category of...

Back

skilled labor

Front

A computer programmer writing software has the highest levels of education. This type of job falls under the category of...

Back

professional labor

Front

Doctors do not compete with nurses for jobs. This is because the two careers are in...

Back

noncompeting labor grades

Front

If a worker's skills are needed, they will be offered more money by an employer. This idea is known as...

Back

the traditional theory of wage determination

Front

One of the jobs of the union is to bargain with management for wage rates and benefits. This system is known as...

Back

the theory of negotiated wages

Front

Sam has recently graduated from college and has earned a degree. This degree shows the employers that Sam has acquired professional skills and should be paid more for them. This is known as...

Back

the signaling theory