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What does the Phillips curve represent?
Blue Collar
A term used to describe workers in manual labor industries or occupations, often involving physical work and typically requiring protective clothing.
Manual Wage Workers
Refers to laborers who perform physical tasks and are compensated based on hourly rates or fixed salaries, often in sectors like manufacturing, construction, and maintenance.
Shop-Floor
The area in a manufacturing facility where goods are produced or assembled.
European Industrialization
The transformation from agrarian and handicraft economies to industrial and machine-manufacturing dominated societies in Europe, beginning in the late 18th century.
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