lmao another Marxtard whose never run a business or worked an honest day in their life. Labor doesn't create value you fucking dolt scarcity does. That is why two houses with the same amount of "socially" necessary labor hours (a circular definition btw) can have drastically different values depending on location, time on market, and reputation of the seller. I could sit here and debunk the pseudo-scientific dogshit known as LTV all day. There's no such thing as an objective use value either.

A huge chuck of that $70 has been consumed in rent, utilities, insurance, interest on loans and taxes; the employer didn't take all $70. If you'd ever lived in the real world you'd know most business owners don't own the physical means of production: they rent it from a landlord and borrow the rest of their capital from a bank or individual investors. The only thing they own outright is their social capital and they work their ass off to build it by creating rapport with repeat customers. Small business owners in particular do most of the leg work when they initially start before they're profitable enough to hire employees. This is common knowledge for everyone who isn't religiously devoted to an anachronistic class theory that's outdated by 2 centuries.