The Theory of Value by Marx's Labor

69). In this sense, the foreman or be arr of a factory is compelled only to pay a worker that which will keep him alive and working, no more. Since the worker's moil is no longer unique, it is not longer as valuable(for it potful be acquired anywhere). In the final analysis, capitalism will set up that the worker who exists under these circumstance should be paid as little as is possible.

This phenomenon is explored in greater detail in Das Kapital. Authors Paul R. Gregory and Robert C. Stuart provide an analysis in the casebook Comparative Economic Systems. In it, they discuss Marx's Labor conjecture of Value essentially as the existence of a " relinquish" labor force at the disposal of capitalist employers. "Laborers," they write, "were unconnected from control over land, tools, and livestock and were left with only their own labor to sell"(p. 62). The conflict between the working class and the owning class is established at this point- labor, having gr

Marx, Karl; Engels, Friedrich. "The Communist Manifesto(1848)." New York: Simon and Schuster, ? 1964.

Now the employer net create an surround in which the worker produces a value that exceeds the value that he personally requires to stay alive and maintain himself.

This is the foundation for mercenary exploitation. The employer, knowing that workers have only their own labor to sell, can employ those workers without offer to pay them the full value of their takings. And basically, capitalists, if they are to survive, must behave this way. Their task is to exploit the worker as much as possible, deriving from him the highest possible value of production while simultaneously paying him only the barest minimum. The worker, owning no keeping save his labor, has no choice but to accept these terms. Of course, the employer is at the mercy of the market as a whole, which forces him to be as competitive as possible, lest he be outpaced by competitors offering the same goods for a cheaper price (p. 62-63).

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