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Labor right |
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Labor rightSee labor standard.Similar MatchesLabor standards argument for protectionLabor standards argument for protectionThe view that trade restrictions (trade sanctions) should be used as a tool to improve labor standards, limiting imports, for example, from countries that do not enforce such labor rights as freedom of association and collective bargaining. Labor abundantLabor abundantA country is labor abundant if its endowment of labor is large compared to other countries. Relative labor abundance can be defined by either the quantity definition or the price definition. Labor scarceLabor scarceA country is labor scarce if its endowment of labor is small compared to other countries. Relative labor scarcity can be defined by either the quantity definition or the price definition. Bureau of Labor Statistics (BLS)Bureau of Labor Statistics (BLS)A reserch agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. Labor theory of valueLabor theory of valueThe theory that the value of any produced good or service is equal to the amount of labor used, directly and indirectly, to produce it. Sometimes said to underlie the Ricardian Model of international trade. Further SuggestionsLabor productivitySkilled labor Labor intensive Labor-saving Unskilled labor Labor-using Labor standards argument for protection Pauper labor argument Productivity of labor Collaborative Culture Unit labor requirement Forced labor Labor standard Child labor Labor augmenting Division of labor |
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