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Labour (economics) - Wikipedia, the free encyclopedia (397 words) |
 | There are macro-economic system theories which have created a concept called human capital (referring to the skills that workers possess, not necessarily their actual work), although there are also counterposing macro-economic system theories that think human capital is a contradiction in terms. |
| Wage is a basic compensation for labour, and the compensation for labour per period of time is referred to as the wage rate. |
| However, this optimality is not simply viewed as a "technical variable" as in micro-economics, because workers are not simply a "factor of production", but human beings who organise themselves and each other. |
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