Give reasons "Labour cannot be stored".
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A labourer sells his labour for wages and an employer purchases labour by paying wages. Labourers have a very weak bargaining power, because their labour cannot be stored and they are poor, ignorant and less organised. ... Poor labourers have to work for their subsistence.
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Labour cannot be stored because it is a perishable factor of production that cannot be stored for utilising the next day.
It can be described further in the following instances given below:
1. If a worker does not turn up for work one day, his labour for that day cannot be stored for the next one and hence is lost.
2. In the case of an unemployed person, his labour-power is withheld till he gets a job and hence his labour for the period of inactivity is lost forever.
Time cannot be withheld and stored and so is labour.
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