Quote from: Aanuoluwatofunmi on September 17, 2024, 09:06:54 PM

Quote from: premier97 on July 14, 2024, 05:44:59 PM

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.

Labour is wealth because in so doing, you're going to be paid from it and this will help you to gather up to a reasonable amount of money for achieving something in life, we don't have to undermine the labour market, because our physical, mental and natural way of thing is being channeled towards the dignity in labour from what we do to earn from, labour come come in any form, as long as you will be paid for doing something constructive and in others people demands.

Labor is not wealth it is the key component of producing wealth, but labor itself is not wealth. Just like income and wealth is different. Labor is an effort to generate income and yet income whichs is the indicator of financial security just like wealth, on its form cannot be considered as wealth.
According to this article: ‘What’s the difference between income and wealth?’ and other common questions about economic concepts

written in italic is an excerpt from the link above:
Income is not wealth because : "Income is the sum of earnings from a job or a self-owned business, interest on savings and investments, payments from social programs and many other sources. It is usually calculated on an annual or monthly basis."

While wealth is: "Wealth, or net worth, is the value of assets owned by a family or an individual (such as a home or a savings account) minus outstanding debt (such as a mortgage or student loan). It refers to an amount that has been accumulated over a lifetime or more (since it may be passed across generations)."