/leftypol/ - Leftist Politically Incorrect

You need a capitalist and a gun, the capitalist is single use though.

>'value of your labor'
The labor is the value

>>669997
/thread

>>669973
Everything that it produces.
Every cent of profit.

>>669973
"In monetary terms the value of labour"

The central point of the labour theory of value is that labour is bought by the capitalist below the price is it worth (that is, an hour of labour is worth an hour labour worth of products), because of the class position of the working class which is forced, in competition, to sell their labour, at whatever price they can, and given the capitalists has control over whether they eat or not, it's far below the value it produces, the value it's worth. This difference is the source of profit. Labour is the only thing that can be continuously acquired for less than it costs to reproduce it, this is the source of economic growth.

Exploitation isn't "I should be paid more", it is the very fact that by definition you are never paid more than the value you produce. If you got equal to the value your labour produces, your boss wouldn't make a profit, and thus not hire you, he will only hire you if he can pay you less than the value you produce in return.

"Scientifically determine the value of your labour" is a false demand. There is nothing to be determined. It doesn't change. Your labour is worth exactly and always the equal value it produces. It's axiomatic.

Of course, capitalists reject this axiom, instead choosing economic models that can not predict any prices in any capacity, but only microeconomic mumbo jumbo or unsubstantiated philosophical assertions. Meanwhile, LTV claims all value is created by labour, and comparing profit (value added) in industries Vs the labour hours shows a near perfect relationship, with the exception of intentional monopolistic industries which do not follow price signals or competition.

>>669973

Go to your employer and ask to look at their ERP data. The software they use will have a profile of information about you: how much you are producing, how much they are profiting from you, how much you should be paid etc. It won't be a perfect summation of the value of your labour, but it will give you a close idea.

>>670529
just did this, my boss had to look up what ERP is and now I'm apparently getting a promotion

>>670490
labor != labor power

>>669973
>How do you determine, in money terms, what the value of your labor power is? If you can't determine it scientifically, with certainty, how can you say that your employer extracting surplus value?
I think there might be some confusion in terms here so let me just clarify a couple things.

Labor power is your capacity to perform labor, basically your fitness to work and your skill sets that you bring to the job.
Labor is the actual effort you make during your time on the job.

The value of your labor is the value that your labor adds to the product. That value is actualized when the product is sold on the market. So if you are in a factory assembling something maybe you add a certain piece to a machine over and over again. Each time a fully assembled machine is sold, its value is realized, and by extension the value of your labor is realized. If you made the whole thing yourself, then the value of the labor would be the cost the machine sold for minus the cost of the other inputs (land, capital, administrative costs, etc). If you are only one worker of many working on the same thing, then the value you contributed to this individual product is a proportion of that labor-added value according to how much time it took you to do the labor you did compared to the time it took the other laborers to do what they did. So maybe the non-labor cost per item was $10 and the thing sold for $20. If the workers at the factory spent a total of 10 minutes assembling the thing and you spent 1 of those ten minutes doing your part on the assembly line, you did 10% of the labor (at this stage of production) and added 10% of the value added by labor. Which would 10% of $10 or 1 dollar. These numbers aren't typical, just keeping it simple to illustrate the point.

On the other hand your labor power has a different cost. This is because labor has a special property: it is able to create new value, because through intelligence and applied effort you can make things that have use value (i.e. utility) that wasn't there before. And your ability to do this (labor power) is sustained by keeping you alive. The "cost of labor power" is effectively the cost of living, plus the cost of any training needed to perform the tasks at your job. The way you would determine the cost of labor power then would be to determine the cost of living (wherever you happen to be) such that you are at least healthy enough to perform labor. This varies from place to place, from job to job, and from person to person. You can much more easily speak in terms of averages here, and the average cost of labor power for a certain job is effectively what the employer needs to pay in order to keep employees coming back to work, because if it's not enough the business won't be able to run since it can't keep the workers. But this is of course not the same thing as the value of the labor the workers are doing, as explained at the start of this paragraph. The value produced by labor MUST be higher than the cost of labor power (wages) or the business would fail due to no profit or net loss. Usually it is significantly higher.

>>671005
There is no such thing as "labour power", unless you mean "ability to labour", in which case the question "how much is your labour power worth" is either "nothing" or it means "when transformed into concrete labour".

>>671203
>There is no such thing as "labour power", unless you mean "ability to labour"
https://www.marxists.org/glossary/terms/l/a.htm#labour-power
It's a pretty commonly used marxist term in english.

Reproducing someone's ability to labor has an associated cost. That is the "value" (cost) of their labor power and what wages are associated with, as opposed to the value produced by concrete labor.

>>670541
I just did ERP with my boss too and got a pay rise.

>>671210
Damn I gotta try erotic role play too

>>669973
The value of someone's labor power is the just however much their wage is.

>>672909
Ah hello there fellow porky

>>672913
shhh don't let them now about the surplus bro

>>672915
Hunh? There Is no surplus after I take my profits

>>672913
>>672915
The value of labor power does not equal the value of labor. You are paid the value of your labor power but not the value of your labor. That is where profit comes from.