Yes, the image is correct, but I think theUnlikely was refering to the text “Capitalism exists by selling the value you produce for less than your labor costs.”
It’s backwards, it should be the value you (the laborer) produce is sold for more than than your labor costs.
ok, yea now I can understand how that sentence could be confusing. It’s technically correct, but written kinda backwards as people would normally understand it
If the sentence were correct, your employer would sell whatever you produce for less than what they are paying you for it. E.g. they pay you 20 for one hour of work, in which you produce one product, which they then sell for 15. Obviously they would be making a loss in that situation on every single product sold, so no business would ever do that (except in special cases like loss leaders or limited promotions, of course, but we’re talking about the general case here)
Yes, the image is correct, but I think theUnlikely was refering to the text “Capitalism exists by selling the value you produce for less than your labor costs.”
It’s backwards, it should be the value you (the laborer) produce is sold for more than than your labor costs.
ok, yea now I can understand how that sentence could be confusing. It’s technically correct, but written kinda backwards as people would normally understand it
No, it’s not correct in any way:
“Capitalism exists by selling the value you produce for less than your labor costs.”
Thanks, I thought I was losing my mind. I spent way too long rereading that sentence and wondering why no one had commented on it yet.
ok, can you explain the contradiction? I don’t see it, at all.
If the sentence were correct, your employer would sell whatever you produce for less than what they are paying you for it. E.g. they pay you 20 for one hour of work, in which you produce one product, which they then sell for 15. Obviously they would be making a loss in that situation on every single product sold, so no business would ever do that (except in special cases like loss leaders or limited promotions, of course, but we’re talking about the general case here)