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Labor economics - Assignment Example

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Occupation is the line of job that your career falls under. This is the line of work that you do. For instance one could be a doctor, a pilot, an engineer and such like…
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Labor economics
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Labor economics

Download file to see previous pages... This is meant to increase efficiency in their work (Murnane, 2012).
The painting in slide number 4 show skilled labor and painting in slide number 2 show unskilled labors. Workers become more skilled by doing the particular job they want over and over again. In order for one to perfect his or her skills, one has to do the job make a mistake, note the mistake to ensure no repeat of the same mistake. By so doing, one gets to acquire more and more skills as you continue working.
The painting number 50 shows workers whose job is more specializes while the painting number 37 shows workers that are self- sufficient and independent. The specialized workers have unity and depend on one another for the processes to be fully completed. This is because every worker is only specialized in a certain level of production that is. In so doing work gets to move faster, and they get to do a large volume of production. For the self sufficient and independent workers the advantage is that they cut down the wages because they tend to employ very few workers but with several skills and therefore can do all steps of production by him or herself. This takes a lot of time because one or two workers cannot work as fast as many workers would. It is only applicable in the production of goods that do not move fast and therefore time of completion is not an issue (Murnane, 2012).
Capital goods are shown in the painting number 6. These goods are complemented to the skilled labor so as to make their work easier and to therefore finish on time. The unskilled labor will not learn more skills by being given these goods. They should learn the hard way so that when they are given the capital goods they only use them to perfect the skills. The painting number 68 shows that the changes in technology have made people change the kind of work they do. This is so because the technology is meant to make work easier and therefore people go for less tiring jobs.
The painting number 45 shows ...Download file to see next pagesRead More
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