Toggle menu
Toggle personal menu
Not logged in
Your IP address will be publicly visible if you make any edits.

Value of labor power

From ProleWiki, the proletarian encyclopedia
More languages
Revision as of 19:20, 4 October 2023 by Deogeo (talk | contribs)

Necessary labor is the twin of surplus labor

Socially necessary labor-time

"Socially necessary labour-time is the labour-time [literally the number of minutes, hours, and so on] required to produce any use-value under the conditions of production normal for a given society and with the average degree of skill and intensity of labour prevalent in that society. "

— Karl Marx, Capital Vol. 1

Production that has high intensity of labor requires more hours of human effort and fewer tools and automation. As better tools and automation become readily available, intensity of labor drops.