Flashcards: Labor

Unemployment benefits (depending on the jurisdiction also called unemployment insurance or unemployment compensation) are social welfare payments made by the state or other authorized bodies to unemployed people.

Precarity is a precarious existence, lacking in predictability, job security, material or psychological welfare.

Human capital is a term popularized by Gary Becker, an economist from the University of Chicago, and Jacob Mincer that refers to the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.

The labor theory of value (LTV) is a heterodox economic theory of value that argues that the economic value of a good or service is determined by the total amount of socially necessary labor required to produce it, rather than by the use or pleasure its owner gets from it.

The workforce or labour force (also labor force in the United States) is the labour pool in employment.

A job interview is a one-on-one interview consisting of a conversation between a job applicant and a representative of an employer which is conducted to assess whether the applicant should be hired.

Child labour refers to the employment of children in any work that deprives children of their childhood, interferes with their ability to attend regular school, and that is mentally, physically, socially or morally dangerous and harmful.

Human capital flight refers to the emigration of highly skilled or well-educated individuals.

A part-time contract is a form of employment that carries fewer hours per week than a full-time job.

Self-employment" is earning a persons living through doing something by oneself.

Telecommuting is a work arrangement in which employees do not commute or travel by bus or car to a central place of work, such as an office building, warehouse or store.

(For the holiday in Australia, see Labour Day.) The eight-hour day movement or 40-hour week movement, also known as the short-time movement, was started by James Deb and had its origins in the Industrial Revolution in Britain, where industrial production in large factories transformed working life.

Workerism is a political theory that emphasizes the importance of, or glorifies, the working class.

Emotional labor is the process of managing feelings and expressions to fulfill the emotional requirements of a job.