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by Wilsoniumite
7 days ago
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I have a better response now. The ability to take leisure is still conditioned on labor. To take time off, you have to save up. To save up, you have to work. Labor is distorting the real value of leisure if the production of that leisure needs less labor (leisure time still requires you to be fed, housed, and more if you go on holiday, travel, or consume to keep yourself entertained or educated). |
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When a new gaming console comes out and someone works extra shifts to afford it sooner, that's not a distortion.
I think your mistake, based on how you're talking about the "real value of leisure" is thinking there is a single value of x. That's labor theory of value era thinking. There is only marginal utility and marginal rates of substitution.
Trading leisure for consumption via labor is the choice, not a distortion.