Post
Topic
Board Economics
Re: Is labour wealth?
by
RockBell
on 08/09/2024, 18:48:50 UTC
Labour for me is human productive effort towards achieving set target.To answer the question, labour may be wealth, in the sense that when others labour while you fold your harms and watch from where will the wealth come from? Wealth creation cannot be separated from human effort  both mental and  physical.

I was doing analysis at of how things were in the 90s and now and the things that gives value now and then is actually different, labor maybe wealth to some people, brains might be wealth might be for other so everything is just different for everyone and I feel like wealth is no longer by labor,  just that you if you don't work you won't eat, we know that the effort is good and even if we are trying to be smart we still effort even in our consistency, how it is built is also very important because everything will start from the mind and how prepared you are towards building the future.

Labor is definitely an asset and it is termed as valuable asset. The economic standard of a country mainly depends on the labor force of the country. The more advanced the labor force is in the country, the more developed the country is. Like health is a valuable asset and without good health the body is not good, just as labor power is a valuable asset for a country and because of this labor power a country is prosperous. Moreover, if the developed countries of the world are taken as idols, then you can research there and see that they are so developed and rich mainly because of the labor force.

Yes labor is important but not to everyone their are people whose mindset can creat wealth for them the sense that they can actually own companies and allow people to work for them and we all have different desires and expectations and how how life will go is all in our hands if we want to work or we want people to work for us. We are also scared of risk and if we don't risk it now that is if we have the idea to start up a company does that owes a lot of companies today started with an idea also. Health might be very important profession but it the new idea with AI now is going to make humans in that sector to be oudated. When we think we should think about the future and how things will look like when the future comes, it is coming earlier than we expected, their are some things that we don't expect to happen now and it is already everywhere, as labor is important we should also thing of retirement too.