What part does labor play in the economic progress of a country?

Economic progress of a country is vitally dependent on its labor supply. By labor should be meant not only the number of workers but also their efficiency.

A highly developed state of industrialization, no less than a prosperous agriculture, requires a plentiful supply of skilled and efficient labor.

A prosperous agriculture is dependent on a painstaking, persevering, thrifty, and toiling peasantry. Therefore, also the industrial progress of a country is dependent on its supply of skilled and efficient labor.

Laborers should be sufficiently alert and intelligent to tend highly complicated machineries, which are nowadays used largely in modern factories. Moreover, unless industries are run on large-scale basis, economy of production can hardly be achieved and economic progress remains a distant dream.

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