Labor cost is a critical factor in small-business operations. It's common for a business owner to hire employees to perform specific duties essential to the business – especially as it grows. There ...

Discover how organized labor and unions empower workers to negotiate better wages and conditions. Learn about collective bargaining and its impact on industries.

Brent Radcliffe has 10+ years of experience as both a digital marketing analyst and writer for Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...

This Labor Day, America's labor movement is at the brink of a pivotal moment. Conservatives are now joining liberals in embracing the vital role of labor unions for advancing a worker-centric ...

There are two different types of labor costs -- direct and indirect. The two labor cost metrics, in the manufacturing sectors, are based on the labor required to produce products versus labor ...