Labor

All nonmilitary people who are employed or unemployed

• Labor Force

• Labor Participation Rate

• Outsourcing

• OffShoring

• Learning effect

Total civilians non-institutionalized U.S. population that is in the labor force.

• Labor Force

• Labor Participation Rate

• Outsourcing

• OffShoring

• Learning effect

The practice of contracting with another company to do a specific job that would otherwise be done by a company's own employees

• Labor Force

• Labor Participation Rate

• Outsourcing

• OffShoring

• Learning effect

The movement of some of the company's operations to another country

• Labor Force

• Labor Participation Rate

• Outsourcing

• OffShoring

• Learning effect

The theory that education increases efficiency of production and thus results in higher wages

• Labor Force

• Labor Participation Rate

• Outsourcing

• OffShoring

• Learning effect

The theory that the completion of college indicates to employers that a job applicant is intelligent and hard-working

• Guest Worker

• Contingent employment

• Screening Effect

• OffShoring

• Learning effect

A temporary or part time job

• Guest Worker

• Contingent employment

• Screening Effect

• OffShoring

• Learning effect

A member of the labor force from another country who is allowed to work in the US on a temporary basis

• Guest Worker

• Contingent employment

• Screening Effect

• OffShoring

• Learning effect

A type of demand that is set by the demand for another good or service

• derived demand

• productivity of labor

• equilibrium wage

• unskilled labor

• semi-skilled labor

The quantity of output produced by a unit of labor

• derived demand

• productivity of labor

• equilibrium wage

• unskilled labor

• semi-skilled labor