2 ms·
The 'cost' of labour is the income required for such labor to maintain itself. I.e. living costs + healthcare costs + groceries & other expenses + a little sav
by rocqua 7y ago
The 'cost' of labour is the income required for such labor to maintain itself.
I.e. living costs + healthcare costs + groceries & other expenses + a little saving.
This is the base cost of a person, and thus the base cost of labour.
- xamuel 7y agoYou're just pushing the bubble around under the wallpaper: who defines "living costs" etc? A person can technically stay alive in extremely spartan conditions.