The Real Value of Labor
SEPTEMBER 3, 2018
It’s Labor Day in the US, so what better day to reflect on how misunderstood workers are? Truth be told, workers are often viewed as a cost by many institutions. In fact, that’s where they appear on financial statements – they’re a major expense item on the income statement. That view of workers naturally sets up an “us vs. them” and “win/lose” mindset. The institution wins when it can eliminate workers, make them work longer hours for the same pay or pay them less, but the workers lose.