Marx built his infamous labor theory of value on the premise that labor itself was a commodity. However, as Mises and other Austrians have noted, Marx failed
So his own labor is not a commodity then, or is it? You think the author does not know the plumber owns his own labor? That is the point of bringing up the plumber as an example. If labor is an undervalued commodity, then the plumber is selling his labor at a loss in a capitalist system. I understand the point quite well. Apparently, some people don’t get it, and it is not a difficult thing to understand. If the self-employed plumber is losing money due to his own labor, then he isn’t making a profit. Simple example of the contradiction.
No, labor is not a commodity. I do see that the article now points out that the plumber owns his means of production. The question of whether or not the plumber is undercharging for his labor uas nothing to do with the question “is labor a commodity”. That plumber knows what he is doing, and cannot easily be replaced by another individual unless the replacement individual has a similar skill set. The plumber’s labor differs from the labor of his replacement. Labor is a specialty, not a commodity.
Karl Marx says that labor is a commodity. A special type of commodity in capitalism. That is not that author’s views, but Marx’s views, which he is debunking. It is clear some people have reading comprehension problems.
So his own labor is not a commodity then, or is it? You think the author does not know the plumber owns his own labor? That is the point of bringing up the plumber as an example. If labor is an undervalued commodity, then the plumber is selling his labor at a loss in a capitalist system. I understand the point quite well. Apparently, some people don’t get it, and it is not a difficult thing to understand. If the self-employed plumber is losing money due to his own labor, then he isn’t making a profit. Simple example of the contradiction.
No, labor is not a commodity. I do see that the article now points out that the plumber owns his means of production. The question of whether or not the plumber is undercharging for his labor uas nothing to do with the question “is labor a commodity”. That plumber knows what he is doing, and cannot easily be replaced by another individual unless the replacement individual has a similar skill set. The plumber’s labor differs from the labor of his replacement. Labor is a specialty, not a commodity.
Karl Marx says that labor is a commodity. A special type of commodity in capitalism. That is not that author’s views, but Marx’s views, which he is debunking. It is clear some people have reading comprehension problems.
So you agree with me that the article has a good point in saying that labor is not a commodity?