Service Industry Labor

Definition

Service industry labor refers to work performed in industries that provide services rather than tangible goods. Examples include hospitality, healthcare, education, and financial services.

Analogy

Imagine service industry labor like being part of a backstage crew at a concert. While they don't perform on stage (produce physical goods), their efforts behind-the-scenes (providing services) ensure that the show goes on smoothly.

Related terms

Tertiary Sector: The sector of an economy that involves providing services to consumers and businesses.

Gig Economy: An economic system where temporary positions are common and organizations contract with independent workers for short-term engagements.

Hospitality Industry: A broad category within the service industry that includes lodging, food and drink service, event planning, theme parks, transportation etc.