Posts Tagged ‘eli siegel’
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In this quote, Eli Siegel is emphasizing the crucial role and importance of workers/labor in generating wealth through industry. By stating that “the most important thing in industry is the person who does the industry, which is the worker”, Siegel is arguing that the individual laborers are the key factor in industrial production, more so than machinery, capital or management.
He then drives this point home by declaring unequivocally that “Labor is the only source of wealth”, meaning that wealth originates from and depends on the work of human beings.
The best interpretation of this quote is that Siegel sees workers as the true drivers and creators of economic value, wealth and prosperity in industry, not other inputs like technology or financial assets. He is attributing primacy and agency to labor over other industrial components.