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Work, labor (labour in Commonwealth English), or an occupation or job is the intentional activity people perform to support the needs and desires of themselves, other people, or organizations. [1] In the context of economics , work can be viewed as the human activity that contributes (along with other factors of production ) towards the goods ...
A laborer (or labourer) is a person who works in manual labor typed within the construction industry. There is a generic factory laborer which is defined separately as a factory worker. Laborers are in a working class of wage-earners in which their only possession of significant material value is their labor. Industries employing laborers ...
The sum of the labour force and out of the labour force results in the noninstitutional civilian population, that is, the number of people who (1) work (i.e., the employed), (2) can work but don't, although they are looking for a job (i.e., the unemployed), or (3) can work but don't, and are not looking for a job (i.e., out of the labour force).
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms.
Worker assembling rebar for a water treatment plant in Mazatlan, Sinaloa, Mexico. Wage labor is the socioeconomic relationship between a worker and an employer, where the worker sells their labor under a formal or informal employment contract. These transactions usually occur in a labor market where wages are market-determined.
A worker tries to sell his or her labour-power to an employer, in exchange for a wage or salary. If successful (the only alternative being unemployment), this exchange involves submitting to the authority of the capitalist for a specific period of time. [13] During that time, the worker does actual labour, producing goods and services.
Abstract labour and concrete labour refer to a distinction made by Karl Marx in his critique of political economy.It refers to the difference between human labour in general as economically valuable worktime versus human labour as a particular activity that has a specific useful effect within the (capitalist) mode of production.
Collective bargaining is technically permitted but is subject in practice to restrictions. Forced labor is illegal, but occurs, with many men and boys being trafficked into Angola for forced labor in construction and other sectors. Children under 14 are not allowed to work, but many children work on family farms, as street vendors, and in homes.