Post
Topic
Board Economics
Re: Is labour wealth?
by
cryptoWODL
on 12/09/2024, 14:04:16 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.
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 I agree labor is a resource we need to work hard as well as be smart. A nation that is more hardworking and intelligent is economically stronger in the world. The economic value of a country depends on its labor force, but that labor force must be converted into skilled manpower. In fact, to survive in the world, one has to struggle, labor is the main tool of human development. So if we want to increase our wealth and even improve our condition, we must make ourselves labor oriented.

We have to be diligent as well as efficient. If you mindlessly do manual labor it may not work for you. Remember that skilled manpower plays an important role in moving a country forward economically.