Examlex
Assembly-line balancing means assigning all necessary tasks to a series of workstations so that each workstation has no more than can be done in the workstation cycle time and so that idle time across all workstations is minimized.
Hired
The process of engaging an individual's services for employment under agreed-upon terms and conditions.
Equilibrium Wage
The wage rate at which the quantity of labor supplied by workers equals the quantity of labor demanded by employers, resulting in a stable labor market.
Illegal Immigrants
Individuals who enter or reside in a country without legal permission or overstay their authorized period.
Labor Market
A marketplace in which employers find workers and workers find jobs; this market is influenced by supply and demand for labor, skills required, and wage levels.
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