Is labour wealth? - page 8. | Bitcointalksearch.org

YOSHIE

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Quote from: premier97 on July 14, 2024, 12:44:59 PM

Is labour wealth?

Are you talking about employees and the wealth generated by a particular company or business venture......!
If yes, it is clear that workers or employees are the backbone of the company itself, generating a lot of economy and generating wealth which definitely cannot be separated from the role of workers/employees, for that reason if you have a company, try to treat employees/workers well, workers are assets for the company's future.

Many business ventures forget about land, they think workers are trash, so they act arbitrarily, when will business owners regret it when workers quit, just realized that wealth can no longer be obtained, so consider your workers automatically wealth will be stable.

slapper

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All this "labor equals wealth"? Man, it's a deception. Constantly spoon-fed for ages. Seek around. Few individuals busting their asses live the high life. Low numbers. Hard labor has value. But it's not everything in wealth building. One part of the puzzle. A big one, but not the only. Wealth too. Need connections. You must understand emotions. Opportunity must be recognized and seized. Truthfully, you need some luck. Yes, bust your ass. Not the end, just the beginning

Don Pedro Dinero

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No, it is not. Wealth you can accumulate, and work you can't, in any case what you produce, the result of your work, yes. But there are so many people who live without making ends meet that such a simple comparison makes no sense.

Quote from: davis196 on July 15, 2024, 07:16:39 AM

Labor is what creates value. Labor is one of the main sources of wealth, but not all wealthy people are hardworking and productive. All the "trust fund babies", who have rich parents are obviously wealthy, but didn't do anything to deserve that abundance and standard of living.
The medieval aristocracy was also very wealthy, but without putting any productive work into building their own wealth. The same applies to the "oil monarchies" in the Persian Gulf. Having lots of natural resources could bring wealth to your nation(if certain conditions are met).
Labor in itself isn't enough to achieve wealth. The world is full of hardworking people, who are poor. Intellectual labor is way more valuable than physical labor.

I think you got it right. In short, with our work we have a way to achieve wealth (in most cases, for wage earners, a difficult, long and hard way), but only one.

Dr.Bitcoin_Strange

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Yea, labor is wealt. If you are not laboring to make wealth, then someone in laboring on your behalf, to enrich you as the boss. What I meant can be easily understood by watching this clip: https://vm.tiktok.com/ZMrPEgVkd/)

Even some persons that have become directors in their company might not be involving in too much labor but they have employees who are working off their ass just for a little payment while the director only has a little work to do but is the one enjoying more.

davis196

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Quote from: premier97 on July 14, 2024, 12:44:59 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.

There are different definitions of the term "wealth":

Quote

an abundance of valuable possessions or money:
"he used his considerable wealth to bribe officials"
Similar:
affluence
prosperity
opulence
riches
means

the state of being rich; material prosperity:
"some people buy boats and cars to display their wealth"
Similar:
prosperity
prosperousness
successfulness

plentiful supplies of a particular resource:
"the country's mineral wealth"
a plentiful supply of a particular desirable thing:
"the tables and maps contain a wealth of information"
Similar:
abundance
profusion
plethora
mine
store

archaic
well-being.

Labor is what creates value. Labor is one of the main sources of wealth, but not all wealthy people are hardworking and productive. All the "trust fund babies", who have rich parents are obviously wealthy, but didn't do anything to deserve that abundance and standard of living.
The medieval aristocracy was also very wealthy, but without putting any productive work into building their own wealth. The same applies to the "oil monarchies" in the Persian Gulf. Having lots of natural resources could bring wealth to your nation(if certain conditions are met).
Labor in itself isn't enough to achieve wealth. The world is full of hardworking people, who are poor. Intellectual labor is way more valuable than physical labor.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: premier97 on July 14, 2024, 12:44:59 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 a type of human resource. It has its value if used in the proper manner. Work done to mine gold is the effort and that selling of gold to get money is the money that is partly paid to the humans for their labour.

So yes, labour is wealth. With a lack of labour, many industries will break down.

It is not that everyone on top just folds their arms as the lower tier works, the higher tier has much more skillful labour and less physical labour. Their stress levels are often the highest.

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Quote from: premier97 on July 14, 2024, 12:44:59 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.

You are not that wrong depending on how you perceive what is labour or in the sense that you are explaining labour to be. If you have classified labour to mean only the physical aspect of strength and muscle then it may not be apt. But to generalize labour to be effort put into what you do to survive and getting a living then it is correct that one can't fold their hands doing nothing. And the rate of wise labour you invest in what you do can become wealth to you. I said wise labour because these days to labour wisely or smartly is what is required and not the kind of physical labour that only those that has strength or are muscler can do. Such kind of labour end you up in fast deteriorating of health through sickness because of incessant use of drugs.

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Quote from: logfiles on July 14, 2024, 05:52:31 PM

I think it's just a matter of perspective. It depends on how you look at it and who your "employer" is, but to me, Labor is not wealth.
Let's say you are a donkey, camel or horse? Would you say labor is wealth? I don't think so. Those right there are the hardest working animals in human communities. Even the slaves and casual workers in most Third World countries would disagree with you.

Labor may not be seen as wealth but it could somehow be a great foundation to accumulate wealth. Without labor, there wouldn't be a productive outcome that will also contribute to one's wealth.

However, if we are talking here some labor animals, it can be considered wealth on the part of its owners but for those hard-working animals, they will never see such wealth on what they are doing.

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Quote from: premier97 on July 14, 2024, 12:44:59 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.

I guess yes since labor can create something useful either for services or to the products it provided that's why its consider to be a wealth for people since it can produce something good result to anyone especially if what people do is beneficial to a lot of people.

But it also depends on what or how what is your definition towards this since I guess we have different opinion regarding to this. But don't do labor all your life and settle for less create something that can create more valuable result that can change your life. Its hard to live a 9 - 5 set up that's why take out that labor gaining option and upgrade your skills to became better then get more benefits from this.

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Quote from: reagansimms on July 15, 2024, 03:49:47 AM

To gain wealth you have to work, there are so many types of jobs that you can choose depending on the skills you have to accumulate wealth. In the era of increasingly sophisticated digitalization, you have to have skills to make it easier to earn money, now you have to work smart to make it easier for you to achieve the goals you dream of. For me, now it's no longer the time to work hard to make money (relying on energy to make money), you have to work smart like investing (relying on money to make money).

Utilizing the skills you have to build a business based on the experience you have, you can hire several employees to help you make money. Investing in Bitcoin can also make money as long as you have expertise in the field, it takes time, skill and patience to achieve a level of success in investing, but if you are able to overcome all the shocks that occur in the market, you will get big benefits from the investments you have made so far.

Bla bla bla.

Most people are middle class, they do have savings, but the amount is not that high even they have working for many years, so they will not use all of their saving to invest since they afraid if they lose all the hard earned money

Build a business require a big amount of money and if you can hire several employees, it means you have huge amount of money, only privilege people have it.

reagansimms

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To gain wealth you have to work, there are so many types of jobs that you can choose depending on the skills you have to accumulate wealth. In the era of increasingly sophisticated digitalization, you have to have skills to make it easier to earn money, now you have to work smart to make it easier for you to achieve the goals you dream of. For me, now it's no longer the time to work hard to make money (relying on energy to make money), you have to work smart like investing (relying on money to make money).

Utilizing the skills you have to build a business based on the experience you have, you can hire several employees to help you make money. Investing in Bitcoin can also make money as long as you have expertise in the field, it takes time, skill and patience to achieve a level of success in investing, but if you are able to overcome all the shocks that occur in the market, you will get big benefits from the investments you have made so far.

Davidvictorson

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Labour leads to wealth. However this labor that we speak of is not just some random efforts towards and ambiguous goal of wealth creation. The labor that leads to wealth creation is a deliberate, disciplined, intentional, conscious, and consistent effort directed towards a set goal and objective. For example setting up a business that services the needs of people in your community leads to wealth creation. These businesses could include plumbing or an auto mechanic shop, a car wash etc There could be others but these labors often have the features that have been mentioned surely leads to wealth.

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Quote from: premier97 on July 14, 2024, 12:44:59 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.

If you apply a process to a set of natural resources which transform them in some way or form, there is still no way to know if you produced any wealth despite the the time and labor you put into it, as everything depends on the demand such transformation can garner.

The best example of this is art, in which an artist can use a bunch of materials to create a painting, but if no one wants it then not only wealth was not generated, but it was destroyed too, as you cannot even recover the cost of the materials, however if a different and more talented artist used the same materials to create a masterpiece then a great deal of wealth is indeed generated.

franky1

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when you can buy a machine or a automated system.. non-labour can produce returns which if those returns are profitable then that profit can accumulate wealth

when you use your labour. unless you are charging your time beyond your costs to live, it wont produce profit to accumulate wealth.
and as other people have said many people can be managers and subcontract/delegate others to do tasks

many people on menial jobs dont get paid extra for their time. many managers ask low paid employees to work harder for no pay rise, ask them to stay on longer to finish a task because "thats your job"

many women can earn more sat on a bed unbuttoning their shirt for 20 minutes compared to working a whole month doing hard manual labour on a construction site.

so no labour and wealth are not that linked

STT

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You can measure the potential of a nation by its available working age population, China for example has a falling working population surprisingly. Its the fallout of their communist policies forcing the end of traditional families, people are a big resource for any country no matter what negatives people might say about the demands of feeding a population the productivity of a person is hard to beat for investment returns.

Its far more complicated of course, I expect China will do well so long as they can increase the efficiency of their economy to follow the demands of a fast moving global economy. However it will be alot harder to do so having lost the mass production advantage and low cost they would have once had. China is being undercut in the lowest costs by other countries and that will probably continue as a trend for some time.

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I think it's just a matter of perspective. It depends on how you look at it and who your "employer" is, but to me, Labor is not wealth.
Let's say you are a donkey, camel or horse? Would you say labor is wealth? I don't think so. Those right there are the hardest working animals in human communities. Even the slaves and casual workers in most Third World countries would disagree with you.

Adams0001

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Quote from: premier97 on July 14, 2024, 12:44:59 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 and without labour they cannot be result of wealth no matter how. In the sense that you just have to fold your hands and see your wealth grow while others do the labour for you have signified how far you have come with your wealth creation through extensive labour you’ve participated in overtime to have breed this for you. If you haven’t made some sacrifices in the past, you can’t reach that stage where you want people to be doing the work and you sit and get the reward for that. At this stage, it means you’re given out of your wealth and getting larger amount in return. This is just like investment, you invest some little penny into those people doing the labour work for you and the result of the labour is now turned to more wealth for you to enjoy. By doing so, you’ve engaged both your physical and mental self in accomplishing your wealth want in life. Also at this stage, you may not require a lot of labour and you’ll be dealing more with your mental state which will also not be required that much.

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In the pursuit of their goals, individuals commit time, energy, and skill, an investment that ultimately yields value. This value may take the form of a product, service, or innovation: an offering that can benefit society at large.

Those who do not contribute personally but depend on others for work are not really creating wealth but consuming the fruits of others' labor; it underscores that wealth creation is contingent on individual or collective input.

Another point is the role of work as a learning and development opportunity. The process of work itself helps an individual to acquire skill, experience and self-development which contribute towards productivity, and thus wealth creation.

We must recognize that work involves creativity, strategy and wisdom in addition to physical exertion: these elements collectively influence value creation and wealth.

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Quote from: premier97 on July 14, 2024, 12:44:59 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 can actually bring a good outcome, but labour doesn’t still guarantee you to have wealth, but working smart combined with labour can guarantee that. This is why you alway have to understand how to go on your goal sometimes you don’t only need labour to succeed in life. Because those that their parents have already have the wealth will not suffer that much to gain any wealth, so even without labour they can still survive but when they work smarter and a bit of labour it will make that wealth go a long way for them.

Moreover, most people will even differentiate this two for you, because labour is not wealth. Labour simply means the effort that you can put in to get a proper outcome of even an achievement. While wealth can be defined as those assets and collaboration that you have with other rich people like you.

CryptopreneurBrainboss

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Labour is wealth, wealth can be created with your physical or mental skills. There are some people that will be fortunate to inherit wealth but for the rest of us we have to work to achieve wealth. If you don't work you won't make money and it's money that can be used to build wealth. While labour is wealth lets not limit our thinking to it meaning hardwork because gone are the days when hardwork pays off. What you need now is to work smart and not hard. An example can be seen between a hodler and a trader, the trader would be seen as the hard worker because he has to study and monitor the market frequently but yet his success isn't guaranteed by a hodler (investor) only needs to have the money to buy Bitcoin and hodl for some years and he is definitely going to be more successful than the trader.

Quote from: premier97 on July 14, 2024, 12:44:59 PM

Wealth creation cannot be separated from human effort both mental and physical.

Effort is mandatory for wealth creation, wealth don't just happen, you have to be mentally and physically prepared for wealth before you achieve it. Not everyone can be wealthy because not everyone can be willing to sacrifice what is needed to become wealthy. People are comfortable with being able to afford their daily need that they don't build to create wealth for themselves and other generation to come.

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