Capitalism exists by selling the value you produce for less than your labor costs ==> Capitalism exists by selling the value you produce for less than your labor costs [the capitalist/employer].
I’m trying really hard to understand since you seem so sure. But $2000 is more than both $1000 and $500. I’m unable to see how it could be considered less.
Not OP but I think what they are saying is: Your labor is effectively worth the end-price of the product, e.g. the $2000 but you are selling your labor for less than that.
It’s a very weird phrasing, most people do not look at labor as something being sold (even if it is a good way of thinking about it imo). It could just be that they are trying to wiggle out of a misunderstanding.
Capitalism exists by selling the value you produce for less than your labor costs ==> Capitalism exists by selling the value you produce for less than your labor costs [the capitalist/employer].
It’s technically correct, but unclear.
Can you give an example with some numbers? I’m still not seeing it.
Say you produce a $thousand fmv worth of x. Your capitalist employer sells x for $2000. They sold x for less than what they pay you, $500 worth of x.
I’m trying really hard to understand since you seem so sure. But $2000 is more than both $1000 and $500. I’m unable to see how it could be considered less.
Not OP but I think what they are saying is: Your labor is effectively worth the end-price of the product, e.g. the $2000 but you are selling your labor for less than that.
It’s a very weird phrasing, most people do not look at labor as something being sold (even if it is a good way of thinking about it imo). It could just be that they are trying to wiggle out of a misunderstanding.