Business Dictionary :
Labour : (US) labor : noun : heavy work
Manual Labor = work done by hand
To charge for materials and labor = to charge for both the materials used in a job and also the hours of work involved
Labor Costs = cost of the workers employed to make a product (not including materials or overheads)
Labor Charges = cost of the workers employed to make a product (not including materials or overheads)
Indirect Labor Costs = cost of wags of workers who are not directly involved in making the product (such as secretaries and cleaners)
Labor is charged at $20 an hour. = Each hour of work costs $20.
Labour : (US) labor : noun : workers or the workforce
Casual Labor = workers who are hired for a short period
Cheap Labor = workers who do not earn much money
Local Labor = workers recruited near a factory, not brought in from somewhere else
Organized Labor = workers who are members of trade unions
Skilled Labor = workers who have special knowledge or qualifications
Labor Force = all workers
The management has made an increased offer to the labor force.
Labor Market = number of workers who are available for work
We are setting up a factory in the Far East because of the cheap labor force available.
25,000 young people have left school and have come on to the labor market.
Labor Shortage = situation where there are not enough workers to fill jobs
25,000 people have left school and become available for work as labors.
Shortage of Labor = situation where there are not enough workers to fill jobs
Labor-Intensive Industry = industry which needs large numbers of workers or where labor costs are high in relation to turnover
Labor Disputes = arguments between management and workers
Labor Laws = laws relating to the employment of workers
Labor Legislation = laws relating to the employment of workers
Labor Relations = relations between management and workers
Labor Union = organization which represents workers who are its members in discussions about wages and conditions of work with management
International Labor Organization = Section of the United Nations which tries to improve working conditions and workers' pay in member countries
NOTE : no plural
Laborer : noun : person who does heavy work
Agricultural Laborer = person who does heavy work on a farm
Casual Laborer = worker who can be hired for a short period
Manual Laborer = person who does heavy work with his hands
Labor-Saving : adjective : something which saves you doing hard work
Washing-Machine is a labor-saving device.
QUOTE : The possibility that British goods will price themselves back into world markets is doubtful as long as sterling labor costs continue to rise faster than in competitor countries.
QUOTE : 70 per cent of Australia’s labor force is employed in service activity.
(Australian Financial Review)
QUOTE : European economists are being held back by rigid labor markets and wage structures.
(Duns Business Month)
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