this post was submitted on 30 Sep 2023
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Leftism
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Capitalism exists by selling the value you produce for less than your labor costs ==> Capitalism exists by selling the value you produce for less than your labor costs [the capitalist/employer].
It’s technically correct, but unclear.
Can you give an example with some numbers? I'm still not seeing it.
Say you produce a $thousand fmv worth of x. Your capitalist employer sells x for $2000. They sold x for less than what they pay you, $500 worth of x.
I'm trying really hard to understand since you seem so sure. But $2000 is more than both $1000 and $500. I'm unable to see how it could be considered less.
Not OP but I think what they are saying is: Your labor is effectively worth the end-price of the product, e.g. the $2000 but you are selling your labor for less than that e.g. $500.
It's a very weird phrasing, most people do not look at labor as something being sold (even if it is a good way of thinking about it imo). It could just be that they are trying to wiggle out of a misunderstanding.
People don't think of labor as being sold? What are wages then? It's literally the price of your labor?
I've never even considered that people don't think of labor as something being sold.