The exchange is for that labour is extremely disproportionate to the value produced, especially in our modern environment of record breaking profits and runaway wealth gaps.
That’s not an inherent trait of the concept of labor though. That’s a direct result of exploitation. The solution isn’t to ban hiring a person for a wage; it’s labor regulation and unions.
If we look at the whole result of production instead of its value, the situation is more disproportionate. The employer owns 100% of the produced outputs and holds 100% of the liabilities for the used-up inputs while workers as employees receive 0% ownership claim on the produced outputs and 0% liability for the used-up inputs. Capitalism is based on someone else getting what workers produce @microblogmemes
The exchange is for that labour is extremely disproportionate to the value produced, especially in our modern environment of record breaking profits and runaway wealth gaps.
That’s not an inherent trait of the concept of labor though. That’s a direct result of exploitation. The solution isn’t to ban hiring a person for a wage; it’s labor regulation and unions.
If we look at the whole result of production instead of its value, the situation is more disproportionate. The employer owns 100% of the produced outputs and holds 100% of the liabilities for the used-up inputs while workers as employees receive 0% ownership claim on the produced outputs and 0% liability for the used-up inputs. Capitalism is based on someone else getting what workers produce @microblogmemes