People :
Author : John Maclean
: Capitalists Everywhere Accept Marxism
Text :
...we can apply it [the Labor Theory of Value] to what the worker sells on the market -- his labor-power -- and find out that the worker is not and never will be paid "by results"; that is to say, by the total wealth or value-equivalent of what he produces. His wage is paid on "the cost of living", and his cost of living is far less than the wealth or the value he contributes to the world's stock.
Chronology :
April 13, 2020 : 21 -- Added.
May 19, 2022 : 21 -- Updated.
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