Profit arises from labour’s dual commodity-and-experiential nature.

Evidence

And yet, what a boon to suffer from such an incapacity! For it is ultimately they who pocket the difference between the exchange value they pay employees in exchange for their commodity labour (wages) and the exchange value of the commodities created thanks to their experiential labour. In other words, labour’s dual nature is what gives rise to profit. — Yanis Varoufakis, Technofeudalism, 74

Categorization

• DEFINE: Core definition: profit is the gap between wage-paid commodity labour and value from experiential labour.
• XREF: connects to: Profit arises from labour’s uncommodifiable experiential dimension; Profit does not reward capital but results from labour’s dual nature — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 75; Labor is the commodity whose surplus value is expropriated and realized through market exchange (+4 more)

Broader Connections

• Profit does not reward capital but results from labour’s dual nature #corroborates (0.98) — Yanis Varoufakis, Technofeudalism, 75
• Profit arises from labour’s uncommodifiable experiential dimension #expands (0.95)
• Capital profits arise because experiential labour cannot be bought directly. #corroborates (0.93) — Yanis Varoufakis, Technofeudalism, 127
• Profit comes from surplus value workers generate #corroborates (0.90) — Clara E. Mattei, Escape from Capitalism, 103
• Profit only arises because workers produce more value than they are paid. #qualifies (0.88) — Clara E. Mattei, Escape from Capitalism, 103
• Labor is the commodity whose surplus value is expropriated and realized through market exchange #qualifies (0.85)