A opposite view, traditional to capitalist parties, is that it is the infrastructural capital and (what they call) intellectual capital possessed and fused by “management” that provides most value in financial capital terms. This similarly justifies a bargaining position and a common view that “human resources” are interchangeable.
A sign of agreement on this latter point was the ISO 9000 series of standards that in its 1994 revision could be unstated to require procedures or a “job description” of each participant in a productive enterprise. The 2000 revision of ISO 9001 in contrast needs to identify the processes, their progression and interaction, and to define and communicate responsibilities and authorities.