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  2. Direct labor cost - Wikipedia

    en.wikipedia.org/wiki/Direct_labor_cost

    Direct labor cost is a part of wage-bill or payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, a particular work order, or provision of a service. Also, we can say it is the cost of the work done by those workers who actually make the product on the production line.

  3. Wage labour - Wikipedia

    en.wikipedia.org/wiki/Wage_labour

    The most common form of wage labour currently is ordinary direct, or "full-time". This is employment in which a free worker sells their labour for an indeterminate time (from a few years to the entire career of the worker), in return for a money-wage or salary and a continuing relationship with the employer which it does not in general offer ...

  4. Cooling wage growth curbs US labor costs in second quarter

    www.aol.com/news/slowing-wage-growth-curbs-us...

    Labor costs advanced 4.1% in the 12 months through June, the smallest gain since the fourth quarter of 2021, after climbing 4.2% in the year through March. Annual labor cost growth has slowed from ...

  5. Industrial sociology - Wikipedia

    en.wikipedia.org/wiki/Industrial_sociology

    Illustration of Industry 4.0, showing the four "industrial revolutions" with a brief English description. Industrial sociology, until recently a crucial research area within the field of sociology of work, examines "the direction and implications of trends in technological change, globalization, labour markets, work organization, managerial practices and employment relations" to "the extent to ...

  6. US third-quarter labor costs growth smallest in more than ...

    www.aol.com/news/us-third-quarter-labor-costs...

    Wages and salaries, which account for the bulk of labor costs, rose 0.8% last quarter after advancing 0.9% in the second quarter. They increased 3.9% on an annual basis, slowing from the April ...

  7. US worker productivity rises moderately in third quarter ...

    www.aol.com/news/us-worker-productivity-rises...

    Unit labor costs - the price of labor per single unit of output - rose at a 1.9% rate in the July-September quarter. That followed a 2.4% pace of expansion in the second quarter. Labor costs ...

  8. Direct costs - Wikipedia

    en.wikipedia.org/wiki/Direct_costs

    In construction, the costs of materials, labor, equipment, etc., and all directly involved efforts or expenses for the cost object are direct costs. In manufacturing or other non-construction industries, the portion of operating costs that is directly assignable to a specific product or process is a direct cost. [4]

  9. Weak US third-quarter unit labor costs point to slowing ... - AOL

    www.aol.com/news/third-quarter-us-unit-labor...

    "The decline in labor costs points to a further slowdown in services inflation, the last front in the Fed's effort to bring inflation back to 2%," said Nancy Vanden Houten, lead U.S. economist at