"The capitalist puts the labor power to work. Let’s say each worker produces goods worth $50 every hour. That means the costs associated with production – $100 of wages and inputs – are covered within 2 hours. Then the rest of the day, whatever the worker produces is extra, or surplus value. If the working day is 8 hours, the surplus value will be $400. The value of the product, then, is all that put together: $500." by Stephanie McMillan
Posted on: Tue, 09 Jul 2013 12:29:18 +0000
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