RE: Wage Labor and Capital - The Slavery they Don’t Tell You
This means in reality 6 hours of his labor is worth $100 and unless 6 equals 12 we have a contradiction. In this situation, the laborer labors 6 hours for himself and 6 hours for his boss.
I don't know why you see this as a contradiction. The laborer rents the job opportunity from the employer and in this case it costs the laborer $100. This is a common idea, I'm surprised you think it is some kind of secret. Many industries has associated costs, such as a taxi driver paying for a license or a freelancer renting the equipment to perform a job, such a plant hire or whatever. You also do not factor in any inefficiency or depreciation of value or ability, but of course it's a simple example.
More interesting is whether or not this can be justified or made fair by altering the rates. For example, say the employer only took a 20% cut instead of a 50% cut, would that be reasonable? What about 5%? Do you see my point?
More interesting is whether or not this can be justified or made fair by altering the rates. For example, say the employer only took a 20% cut instead of a 50% cut, would that be reasonable? What about 5%? Do you see my point?
0%
so because somebody has money they deserve to take from somebody who doesnt........ hitler is cool amiright?
So you can come to my house, demand my lawnmower, mow some lawns and take the entire takings, leaving me with my machinery at the end of the day and no share in the profit despite the machinery belonging to me?
no private property in leftism
why make a million lawn mowers for a million people when only 10k are needed....... you are literally taking resources and letting them sit there doing nothing....... that is directly hurting humanity
https://steemit.com/economics/@anarchyhasnogods/addressing-the-shared-machinery-argument-against-free-labor
made a post addressing this
I'm glad decided to address it so thoroughly, I'll read it
"rents the job opportunity"
wrong
he sells his labor......he gets nothing out of it except a wage.......what was paid for his labor-power