Friday, June 17, 2016

LABOR AND CAPITAL



The mere fact that man has a right to live together  with all those dependent on him for food, shelter and clothing, so is it too that he has the right to work as an elementary consequence of his won right to life plus those dependent on him.  So it is said that those who are able in mind and body yet do not want to work, let them also not also eat.  And so it is that to work is considered both a right and an obligation for able-bodied men in particular.  Let it be clearly stated however that it is man who is the purpose of work, viz., “Work is for man.” – not “Man is for work.”  And so it is  that work is eventually for the good of the worker, for the benefit of his family, and eventually for the welfare of society.  At his juncture, it is good to take note of and to remember the following principles that bring to fore the proper nature and import of human labor and material capital:

1.  The right relationship between labor and capital finds its proper expression when workers have some kind of a participative role in the management and profit of capital.  In other words, labor may not be left to the mercy of capital whose profit precisely comes from the sweat of labor.  So it should not be “Capital vs. Labor” nor “Labor vs. Capital”.  When such is the case, both become losers as time experience readily prove.  Labor and capital are not enemies but companions.  The more unity and harmony bind them, the better they both become in terms of profit for capital and earning for labor – along the significance and implications of the well-known saying “Together we stand, together we fall.”

2.  The same proper, friendly and collaborative relationship become even  more pronounced when workers are in fact given their reasonable advisory input in the management of capital – considering that they work not only for the stability but also for the continuous growth of capital.  So it is that the closer capital and labor are, the more harmony there is between them.   the more they establish some kind of a joint venture – and the more they earn together and become a real asset to one another.  The opposite is sad and pitiful whereas then labor and capital eventually become both losers  So it is that the so-called  Strike” on the part of labor is in the last analysis, the loss of both capital and labor themselves.

3.  The truly fair and equitable relationship between labor and capital brings about the propriety and desirability of such a noble and inspiring practice when workers bring home their “Family Wage” that funds the needs even of their domestic communities.  In other words, both capital and labor in effect become beneficiaries through some kind of a “Joint Venture” .  In other words, while it is true that the said wage – that benefits not only the worker personally but also the members of his or her family as a unit – is neither commonly known nor practiced, it is not hard to see its bilateral beneficial impact on both capital and labor.  With the observance of the truly inspired and inspiring “Family Wage”, the worker becomes more energized and dedicated to his work while capital likewise becomes more benefited by inspired  workers.  While the said qualified wage is either not well appreciated or altogether ignored in this Country, there is no reason why is reality should not be more and more studied and subsequently observed.