Skilled workers are individuals who possess specialized knowledge, expertise, or training in a particular field or occupation. They typically require higher levels of education and possess advanced skills that contribute to economic productivity.
Related terms
Labor market: The labor market refers to the supply and demand for workers within an economy. Skilled workers play a crucial role in the labor market as they are sought after by employers due to their specialized abilities.
Human capital: Human capital represents the collective skills, knowledge, and abilities possessed by individuals that contribute to their economic value. Skilled workers form an essential part of human capital as they bring valuable expertise to the workforce.
Occupational mobility: Occupational mobility refers to an individual's ability to switch between different occupations or job roles throughout their career. Skilled workers often have greater occupational mobility due to their transferable skills and qualifications.