What is labour, types of labour and their features
What is labour and types of labour. Labour can be defined as every efforts, inputs and time put into production of goods and services
Types of labour
As a result of their low level of education, with some kind of training, they are usually employed as guards, messengers, cleaners, gardeners in companies and other places of employment.
This category of labour makes use of their mental effort in productive activities. Skilled labour has undergone a relatively long and specialized type of training in institutions of higher learning.
They usually hold administrative and managerial positions, e.g. accountants, lawyers, engineers, medical doctors and teachers. Jobs by this category of workers are popularly referred to as white collar jobs.
Characteristics or features of Labour
Labour is mobile: Labour is mobile both geographically (from one place to the other) and occupationally (from one job to the other).
Labour has feelings: Labour cannot be used anyhow as its consent must be sort before it is used in production.
Labour is skillful: Labour becomes skillful through education and training.
Labour is a human factor: Labour is a human factor hence its supply can easily be controlled.
Labour requires motivation: For labour to perform efficiently and increase its productivity, it must be motivated in one way or the other.
Labour is not predictable: Labour as a factor of production cannot be easily predicted.
Labour is not fixed: The supply of labour, unlike land, is not fixed as it varies in quantity and quality.
Labour is perishable: Knowledge can diminish overtime as a result of continued unemployment, under-employment, age and death. ( you can also read the law of diminishing return here )
Labour controls other factors of production: Labour controls and combines all other factors of production to make them more meaningful to the society.
Labour has initiative: Labour can act on its own initiative.
Importance of labour
Labour is very important in production because of the following reasons:
Provision of personnel: Labour provides the required skills or personnel needed during the process of production.
It influences other factors of production actively: Labour plays an active role on other factors of production because without labour, land and capital will remain idle.
Production of goods and services: Labour, especially the active working |, population, provides goods and services needed by the populace, including the aged and the children.
Operation of machines: Labour is required in industries to operate machines, and carry out the various production processes.