What is the relationship between labor and business?

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Both business and labor need each other. Business 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...

(The entire section contains 4 answers and 650 words.)

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Last Updated by eNotes Editorial on October 11, 2019
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Last Updated by eNotes Editorial on October 11, 2019