Profit, by definition, is the money stolen from the value of our labor - eviltoast

Sad to see capitalist propaganda leaking in here. But remember the fundamentals my fellow workers.

  • mathemachristian[he]@lemm.ee
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    10 months ago

    No, its just that you get to keep all of the profit.

    When you work for a capitalist they pay you a portion of the profit your labor generated to cover your labor cost (food, shelter etc.) and keep the rest for themself.

    It might be better understood in Marxist terms: you have the cost of your input materials and the cost of the labor-power needed to transform them. Subtract them from the output value of the labor and you get the surplus-value. The capitalist will keep the surplus-value the laborer created for themself and the laborer gets enough to cover the cost of maintaining their labor-power.