The phrase "value of labour" is grammatically correct and can be used in written English.
It refers to the worth or importance of work and effort put into a task or job. Example: The company's success is a result of recognizing and appreciating the value of labour, which has led to a loyal and motivated workforce.
I learned abiding and entrenched views on fairness, the value of labour and the importance of solidarity.
Much of Das Kapital spells out Marx's concept of the "surplus value" of labour and its consequences for capitalism.
Such a transformation placed new emphasis on the maximisation of the surplus value of labour from normalised bodies utilising accounting technologies.
What gets played down is the daily but pressing task of finding solutions to the problem that is their biggest negative bequest: the impact on how we work and the falling value of labour.
Long before Karl Marx had calculated the value of labour to create a theory that was to revolutionise the 20th century, thinkers such as Adam Smith (pictured) had wondered on its effect on a Britain taking its first industrialised steps.
Menger proved just the opposite: that the value of labour derives from the value of the goods it produces, which is why, for example, the best professional basketball players or most popular actors are paid so much.
They are the values of Labour.
The nature of that response had to remain true to the enduring values of Labour but with policies that were appropriate to the modern world.
For example, optimal tax considerations suggest, for reasonable values of labour supply elasticities, that the optimal schedule should consist of a relatively low benefit replacement rate which declines over the duration of the benefit spell.
Table 2 presents the mean values of labour market factor scores by income group and labour clusters.
He argued instead that the "wages of the labourer depend upon the value of his labour and not upon his wants". Longfield was optimistic about future economic growth, and, contrary to Malthus, he believed that technical progress in agriculture would offset the effects of increased population.
