daishi55
16th July 2014, 09:10
I'm having a little trouble wrapping my head around the concept of surplus value. As I understand it, a worker is paid say $10/day, and this represents the value of his labor-power. He produces boots from raw leather, using tools. The worker produces 2 pairs of boots over a period of 12 hours; the capitalist sells each pair for $40. The gross profit to the capitalist is thus $70 (2*40-10). Subtracting then $20 for the raw materials and depreciation of the tools, he is left with $50, all of which is profit - but not exactly surplus value? The $10 paid to the worker allows him to eat and survive for another day and be able to have labor-power the next day, which is worth $10. But upon closer examination, the $10 is only the value of the necessary labor - the labor representing an amount of labor-power which can be sold to the capitalist for enough money to survive another day. The surplus labor is what creates the surplus value, and is the total labor time minus the necessary labor time.
Here are my questions:
1. How do you know that the necessary labor is less than 12 hours? Couldn't it be argued that, since $10 is how much the worker needs to "recharge" his labor-power, and the capitalist will only give him the $10 if he works 12 hours, that 12 hours is the necessary labor?
2. How do you know that $10 is the absolute minimum value required to reproduce his labor-power? What if he only needs $7, and saves the extra $3? Although, I suppose that would set the value of his labor-power each day at $7, since the value of a commodity (in this case labor-power) is simply the sum of the value of all the commodities required to produce it, and therefore the capitalist would only pay $7 per day?
3. I know I make more money per day than is necessary for me to survive. But, my employers must still be appropriating surplus value, otherwise they wouldn't continue to employ me. Where does the difference between my actual wages and the value of my necessary labor come from? Is it simply sacrificed by my employers from their surplus value as a way to ensure that I keep working there?
4. Am I correct in thinking that the worker doesn't actually suffer a loss, since he is paid the exact value of the labor-power constituting his necessary labor, but the problem is that this is essentially an endless cycle where the worker is kept alive, but under unpleasant conditions, and thinks he's making money but isn't because his wages are equal to the value of his necessary labor?
Sorry for the basic questions, I'm very new to Marxist economic theory.
Here are my questions:
1. How do you know that the necessary labor is less than 12 hours? Couldn't it be argued that, since $10 is how much the worker needs to "recharge" his labor-power, and the capitalist will only give him the $10 if he works 12 hours, that 12 hours is the necessary labor?
2. How do you know that $10 is the absolute minimum value required to reproduce his labor-power? What if he only needs $7, and saves the extra $3? Although, I suppose that would set the value of his labor-power each day at $7, since the value of a commodity (in this case labor-power) is simply the sum of the value of all the commodities required to produce it, and therefore the capitalist would only pay $7 per day?
3. I know I make more money per day than is necessary for me to survive. But, my employers must still be appropriating surplus value, otherwise they wouldn't continue to employ me. Where does the difference between my actual wages and the value of my necessary labor come from? Is it simply sacrificed by my employers from their surplus value as a way to ensure that I keep working there?
4. Am I correct in thinking that the worker doesn't actually suffer a loss, since he is paid the exact value of the labor-power constituting his necessary labor, but the problem is that this is essentially an endless cycle where the worker is kept alive, but under unpleasant conditions, and thinks he's making money but isn't because his wages are equal to the value of his necessary labor?
Sorry for the basic questions, I'm very new to Marxist economic theory.