Laborcentric

Laborcentric is an adjective used to describe theories, policies, or viewpoints that place labor—work performed, workers, wages, and working conditions—at the center of analysis or decision making. It contrasts with capital-centric, market-centric, or technology-centric frameworks.

Etymology and usage: The term combines "labor" with "centric" and is used across economics, political science, sociology, and labor relations to signal emphasis on labor's role. It appears in policy debates about industrial policy, job creation, wage setting, and labor rights, and in discussions of unions, collective bargaining, and social protection programs.

Applications: In economic analysis, labor-centric approaches stress the labor share of income, productivity measured by worker output, and the bargaining power of employees. In policy, they prioritize employment protection, fair wages, apprenticeships, and regulation of working conditions. In organizational or development studies, they examine workers' experiences within production processes and supply chains.

Criticism: Critics argue that exclusive focus on labor can neglect capital accumulation, innovation, efficiency, or consumer welfare. Some contend that overemphasis may hinder investment or macroeconomic stability, while proponents argue that balanced labor-centered policy improves fairness and resilience.

See also: capital-centric, market-centric, technology-centric, labor theory of value, labor rights, collective bargaining.