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The Four Types of Labor

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by

Edward Burak

on 4 December 2013

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Transcript of The Four Types of Labor

The Four Categories of Labor
Unskilled Labor
Consits of those who work primarily with their hands.
Generally lack training/skills required for other tasks
Workers generally have the least amount of capital invested in them; they usually receive the lowest wages.
Semiskilled Labor
Workers in this category have enough mechanical abilities/skills to operate machinery
They can operate basic equipment like floor polishers, dishwashers, etc.
Make an increased wage compared to those of unskilled labor.
Skilled Labor
Professional Labor
Individuals with highest level of knowledge-based education and managerial skills.
These people have usually invested the most in their careers which makes them the highest wage earners.
Includes workers who can operate complex equipment,
They can perform their tasks with minimal supervision.
They will receive increased human capital, especially in areas like training and education; this means a higher wage for their work.
Unskilled Labor: Examples
Digging ditches
Picking Fruit
Mopping floors
Semiskilled Labor: Examples
Electric floor polisher
Dishwasher
Lawnmower
Skilled Labor: Examples
Carpenters
Typists
Toolmakers
Chefs
Proffesional Labor: Examples
Doctors
Scientists
Lawyers
Corporate Executives
Full transcript