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by misslibby
1578 days ago
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Is this the new variation of value theory of labour? Workers are just market participants, competing with other workers. One way they can compete is by lowering their living costs, so that they can get by for less and afford to offer their services for lower rates. Likewise companies compete and try to make their products more affordable. This is how we arrived at the situation of extreme surplus in Western countries. Not by some entity (or internet commentators) setting arbitrary price points for things. |
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I'm very confused here. The value theory of labour is based upon time spent in labour, and not value produced.
The argument was if for whatever reasons, the value produced before moving to Arizona allowed the employer to pay a certain wage, the value provided to the company is still the same post-move, and wages should not change.
This has nothing to do with the value theory of labour, and the employer's stance here more or less aligns with an "input costs determine output" theory of value. This is beyond silly.