After asserting that labor produces all value, and “showing” that
the laborer receives but a very small portion of the value which he
produces, Marx tells us that this unpaid-for labor--the labor-strength
and time of which the worker is robbed--is used by the Capitalist Class
(Marx’s term for the employer) in the further robbery of the worker.
This unpaid-for labor Marx calls “surplus value,” and he includes
under this term everything that the worker does not get in his own
pay-envelope--dividends, interest, rents and profits of all kinds.
Of course, nobody will deny that “surplus value”--or, more correctly,
profit--may exist in industry. If the employer could not reap more from
the industry than the mere equivalent of wages paid, it would not be to
his interest to keep on paying wages. But the “surplus value” to which
I refer, and the thing that Marx means when he talks about “surplus
value,” are entirely different.
To admit that Marx is right in his definition of surplus value, we
must first come to the conclusion that the worker is entitled to all
the value that is produced, and, as we have already seen, this is not
so. If it is not so, what has become of Marx’s surplus-value theory?
There may be industrial injustices; there are many instances in which
employers fail to pay those who work for them a just wage. I am willing
to admit that there are numerous cases of this kind. If I thought it
would add to the strength of my argument to particularize, I could
name many unjust employers. But it would do no good. Between the
abuses committed by individual capitalists and the “awful crimes of
capitalism” which Socialism depicts, there is a difference as great as
the distance from pole to pole.
According to Marx’s theory, if a laborer can produce something equal to
the amount of his wage in six hours of work, the value of the product
which he turns out during the other six hours in his work-day is stolen
from him. “The extra six hours,” says Marx, “I shall call _surplus
labor_, which realizes itself in a _surplus product_ having a _surplus
value_” (“Capital,” p. 178).
Have I made this clear, John? Do you see what Marx is driving at--that,
when you are helping your employer to pay his rent, the interest on the
money he has borrowed that he might keep you at work, the dividends to
his stockholders, or the profit to himself, you are helping him to rob
you--actually contributing to the robbery of yourself?
Public-domain text, read in full here on John Shaqi.
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