työvoimavaltainen

Työvoimavaltainen describes an economic activity or industry that requires a significant amount of human labor relative to capital investment. This means that the cost of labor is a major component of the overall production costs. Examples of työvoimavaltainen industries include agriculture, textiles, and certain service sectors such as hospitality and care work. In contrast, capital-intensive industries, like manufacturing or energy production, rely heavily on machinery and technology, with labor costs being a smaller proportion of the total expenses.

The characteristics of a työvoimavaltainen sector often include lower barriers to entry, as less initial capital is needed to start operations. This can lead to higher employment rates but may also result in lower wages and productivity compared to capital-intensive sectors. The economic development of a country or region can be influenced by the prevalence of työvoimavaltainen industries. Developing economies often have a larger share of these sectors as they leverage their abundant labor force. As economies mature and technological advancements occur, there is often a shift towards more capital-intensive production, even within traditionally labor-intensive industries. The sustainability and competitiveness of these sectors can depend on factors such as labor skills, wages, and the ability to adopt new technologies gradually.