Employers capture surplus from labour they cannot actually buy
Evidence
For herein lies capitalism’s secret: the uncommodifiable sweat, effort, inspiration, goodwill, care and tears of employees are what breathe exchange value into the commodities that employers then flog to eager customers – this is actually what makes the building or restaurant or school desirable. — Yanis Varoufakis, Technofeudalism, 71
Categorization
- XREF: Core causal claim that presumably grounds the later rent-extraction argument against platforms. — connects to: Surplus value is the gap between labour infused and labour bought — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 795; Profit comes from surplus value workers generate — Clara E. Mattei, Escape from Capitalism, 103; Ownership asymmetry forces non-owners to sell labour and yield surplus value — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 793 (+6 more)
Broader Connections
- Surplus value is the gap between labour infused and labour bought
#corroborates(0.92) — Yanis Varoufakis, Technofeudalism, 795 - Capital expands by not paying workers for part of their labor
#corroborates(0.90) — Clara E. Mattei, Escape from Capitalism, 104 - Surplus value arises from the gap between labour time given and reproduction cost
#corroborates(0.88) — Dirk Braunstein, Adorno’s Critique of Political Economy, 1364 - Profit comes from surplus value workers generate
#corroborates(0.85) — Clara E. Mattei, Escape from Capitalism, 103 - Labor is the commodity whose surplus value is expropriated and realized through market exchange
#corroborates(0.85) - Employers profit precisely because they cannot buy workers’ experience directly.
#expands(0.82) — Yanis Varoufakis, Technofeudalism, 73 - Ownership asymmetry forces non-owners to sell labour and yield surplus value
#expands(0.80) — Yanis Varoufakis, Technofeudalism, 793 - Wages compensate time but not enthusiasm workers contribute freely
#qualifies(0.75) — Yanis Varoufakis, Technofeudalism, 65 - Capitalist expansion requires wage workers separated from their own means of production
#expands(0.72) — Samuel Bowles and Herbert Gintis, Schooling in Capitalist America, 611