occupied
Diamond Member
- Nov 8, 2011
- 36,705
- 17,198
If you were so smart you would have refuted something I said rather than be a dick.This is not Marxist theory, it is econ 101. There are two ways for a company to make a profit, cutting costs and increasing sales. The first makes money flow up and the other down to the working class. It is far easier to show the stockholders a quarterly profit by wringing more productivity from the workers than to increase sales and for the last twenty years this has been the go-to method to remain profitable. The downside to this is stagnant wages and fewer jobs.The stated theory is not even a theory, it is reflected in the cost of production on every balance sheet in the world. Cutting the cost of production is awesome for the owners but it is theft from the working class economy in jobs and wages. American productivity is still among the best in the world but it has done very little for those who actually produce."The labor theory of value is a major pillar of traditional Marxian economics, which is evident in Marx's masterpiece, Capital (1867). The theory's basic claim is simple: the value of a commodity can be objectively measured by the average number of labor hours required to produce that commodity."
Now, consider if there is some truth to his theory, why would a corporation higher more and better workers and pay them more when technology & robotics can replace people?
Where do you think robots come from? Are they not produced by employees that need to be hired? The more money corporations have, the more work they need done... and thus the higher the wage offered.
So the solution is simple, once you consider that there is no truth to Marx's theory.
No, it's a theory, and a real shitty one at that. Sorry, you won't get Marxist theory of value popping out of balance sheets.
Cutting costs is what makes economies thrive and the middle class rich. Claiming otherwise is again more Marxist nonsense.
Also you might want to reconsider your definition of theft.
First you say labor theory of value is not a theory.
Then you say it's not a Marxist theory, even though you presented it as Marx's masterpiece in just the last post.
You are not the brightest one, are you? I can see why Marxist bullshit would appeal to you.