Labor power is not the same as labor. The price of labor power is the minimum cost of reproducing labor. That’s enough money to provide food, water, and shelter. The quality of your shelter is up for debate though. Effectively, the price of labor power is how much it cost for you to be able to come to work the next day. VPP covers the topic in detail
Labor power is not the same as labor. The price of labor power is the minimum cost of reproducing labor. That’s enough money to provide food, water, and shelter. The quality of your shelter is up for debate though. Effectively, the price of labor power is how much it cost for you to be able to come to work the next day. VPP covers the topic in detail
I appreciate the correction. That’s my signal to do another push into the books.