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Labor
is prior to, and independent of, capital. Capital is
only the fruit of labor, and could never have
existed if Labor had not first existed. Labor is
superior to capital, and deserves much the higher
consideration.
Abraham Lincoln
Labor
"Labour
economics seeks to understand the functioning and
dynamics of the markets
for labour. Labour markets function through the
interaction of workers and employers. Labour
economics looks at the suppliers of labor services
(workers), the demands of labour services
(employers), and attempts to understand the
resulting pattern of wages, employment, and income.
In
economics, labour is a measure of the work done
by human beings. It is conventionally contrasted
with such other
factors of production as
land and
capital. There are theories which have developed
a concept called
human capital (referring to the skills that
workers possess, not necessarily their actual work),
although there are also counter posing
macro-economic system theories that think human
capital is a contradiction in terms." Source:
Wikipedia
Monitoring
international labor standards: techniques and
sources of information By National Research
Council (U.S.). Committee on Monitoring
International Labor Standards, National
Academies (U.S.).
Committee on Monitoring International Labor
Standards, National Research Council (U.S.).
Center for
Education, National Research Council (U.S.).
Policy and Global Affairs
"