Abstract: A ratchet wrench having a labor saving structure includes a drive shank provided with a fixed plate defining a first circular hole and a rivet hole; a drive arm pivotally mounted on the fixed plate and defining a second circular hole and an elongated arcuate hole; a drive head mounted in the circular hole of the drive arm; a rivet extending through the elongated arcuate slot of the drive arm and secured in the rivet hole of the fixed plate; and C-shaped snap rings snapping and securing the fixed plate, the drive arm and the drive head together. When the drive shank is driven to rotate, each of the rivets can push the drive arm along the elongated arcuate slot, thereby forming a deflective leverage labor saving effect.