Both
business and labor need each other.provides people the means to make money. It provides the
machinery, merchandise, and space needed in order to sell or produce a good for people to
consume.
Labor provides the human capital for business. People are needed in
order to provide the physical and/or mental labor needed in order to produce a good.
Businesses try to get as much work out of their labor force as possible in order to
ensure the highest efficiency. This keeps overhead down and ensures that the business will be
competitive. Labor tries to get the most out of each hour worked or good produced in order to
provide the best life for the workers. In many circumstances labor organizes into unions in
order to create better bargaining power. Businesses can also turn to automation in order to use
less labor though even businesses that rely heavily on automation still require a labor
force.
The best relationship between business and labor is an efficient
business that values its...
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