Treasure Magazine
2
TECHNOLOGY AN ENEMY
INVESTMENT CULTURE
The Keynesian concept defines investment as a process of adding to existing capital stocks . In other words investment is a process of acquiring assets be it fixed or capital . Investment process is an attitude that should be on the minds of any success oriented personality . But it ’ s so unfortunate that so many people lack the insight as to the benefits of investment culture . This is why people complain of financial problems even after years of gainful employment . Investing is a process that requires time and at such you must be ready to endure the time it will take for you to start reaping the fruits . It could be inform of buying shares ( fixed investment ) or inform of buying goods designed to be used in making other goods ( Inventories ). It could also be inform of purchasing or building infrastructures and other form of properties ( Residential investments ). If you must make it financially and economically you must be ready to invest .
OF LABOUR ( Nigeria as a case study )
Without any atom of doubt we can considerably say that the speed of technological evolution in the world of today has been very spontaneous which originally shouldn ’ t be a problem . But the rate of its acceptance by so many nations of the world may eventually end up in incapacitating the labour sector of these countries which is an indicator of danger . Labour as we know is the most perishable factor of production in that its service has got a time space ( 18 years to 65 years ). It ’ s also the longest to generate when it comes to time of creation . The time it will take to produce sixty same types of machines is far lesser than the time it will take to build up a single labour for effective service . That notwithstanding labour is the most important factor of production , at such any activity that will terminate the need of labour should be well evaluated before its being accepted . And this evaluation should involve a critical analysis of the nature of the country in question , i . e . if the country has a larger labour resources compared to its capital resources or a larger capital resources compared to its labour resources . Bear in mind that we shall be streamlining our factors of production to just labour and capital . Considering our case country Nigeria , it ’ s glaring that Nigeria ’ s labour resources is far more than its capital resources which is certainly one of the reasons backing up the increasing unemployment level in the country . Taking this situation to mind one will think Nigeria to be one of the labour intensive advocating countries but the reverse is obviously the case as technology