Which term refers to workers or jobs that require training to become an expert and result in higher wages?

Which term refers to workers or jobs that require training to become an expert and result in higher wages?

• A. Unskilled Labor
• B. Capital Resource
• C. Skilled Labor
• D. Managerial

Answer: (C)

Skilled labor refers to workers who require training to become an expert and typically command higher wages because their specialized skills add greater value to the economy. This training can come from formal education, apprenticeships, or professional certifications, and it enables these workers to perform complex tasks efficiently and safely. Examples include electricians, engineers, nurses, teachers, and technicians. In contrast, unskilled labor involves little formal training and usually pays less, while capital resources are tools and equipment used in production rather than people, and managerial roles focus on directing work rather than the level of training a worker has.

Skilled labor refers to workers who require training to become an expert and typically command higher wages because their specialized skills add greater value to the economy. This training can come from formal education, apprenticeships, or professional certifications, and it enables these workers to perform complex tasks efficiently and safely. Examples include electricians, engineers, nurses, teachers, and technicians. In contrast, unskilled labor involves little formal training and usually pays less, while capital resources are tools and equipment used in production rather than people, and managerial roles focus on directing work rather than the level of training a worker has.