Re:More Robots, Fewer Jobs: capital vs. labor in production
by flyingfences on Monday May 08, 2017 @12:23PM
(#14293021)
> labor is a pure expense
Unskilled labor in high demand is a pure expense. If your laborers require training that you provide then you could see that as an investment. If your laborers are unlikely to be able to find work in their field elsewhere then you could see your retention of them as an investment. The effect is compounded when both are true. Of course this does rely on a sense of loyalty in the workers, and it's up to the employer to create an environment that fosters that.
Unskilled labor in high demand is a pure expense. If your laborers require training that you provide then you could see that as an investment. If your laborers are unlikely to be able to find work in their field elsewhere then you could see your retention of them as an investment. The effect is compounded when both are true. Of course this does rely on a sense of loyalty in the workers, and it's up to the employer to create an environment that fosters that.