As production becomes rationalized and routinized over time, the skills and hence high wages of the city labor force become unnecessary. |
Human capital consists of the skills possessed by individuals and, in the aggregate, by the labor force as a whole. |
The information refers to workers in the civilian labor force age 16 and over, unless otherwise noted. |
In 1996, agriculture contributed 15 percent to the gross national product and 43.1 percent of the labor force was engaged in agriculture. |
Poor countries cannot develop, cannot increase their income when so much of their labor force is decimated. |
Since the recession began in March 2001, the labor force has contracted by 1.2 percent. |