In this context, “unskilled” is a misnomer, as what the term’s definition actually conveys is “unspecialized.” Skilled labor jobs, on the other hand, are specialized in that they require ...

Unskilled labor is an outdated but still commonly used misnomer — it doesn't refer to occupations that don't require skill, but rather to those that don't require candidates to hold a ...

Hinterhaus Productions / Getty Images Labor market flexibility is an important aspect of the labor market. It allows companies to make certain decisions about changing their labor force in ...