Sunday, 27 October 2013
Land is like labour
There is an analogy to be made between tenant farming and employing people. With tenant farming the landowner is able to lease out the land to the tenant farmer who then exploits this (land) capital by creating a profitable crop. The tenant can make more from the land than it costs to lease the land so they are interested in 'employing' the land. In the same way we can think of someone (a company) who exploits and employs someone as being a tenant of their intrinsic labour. So the employee who provides the labour is like the landowner and the employer is like the tenant farmer.
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