Profit comes from surplus value workers generate

Evidence

But the illusion breaks down once we leave the sphere of the labor market and enter that of production. Capitalists have the right to fully “consume” this special commodity they have purchased. Consuming labor power means putting you to work, work that generates value. And it turns out that this work produces much more value than what you get in your paycheck. This extra value, or more technically surplus value, is the source of profit and economic growth in a capitalist economy. — Clara E. Mattei, Escape from Capitalism, 103

Categorization

• DEFINE: Introduces surplus value as the technical source of profit and growth — the core mechanism.
• XREF: connects to: The profits workers generate form the actual basis of capitalist economic growth. — Clara E. Mattei, Escape from Capitalism, 95; Capitalist profit arises even when all goods exchange at fair value — Clara E. Mattei, Escape from Capitalism, 97; Profit only arises because workers produce more value than they are paid. — Clara E. Mattei, Escape from Capitalism: An Intervention, 103 (+17 more)

Broader Connections

• Profit only arises because workers produce more value than they are paid. #corroborates (1.00) — Clara E. Mattei, Escape from Capitalism, 103
• Growth rests on workers selling labor for less than the value they create #corroborates (0.95) — Clara E. Mattei, Escape from Capitalism, 95
• Labor is the commodity whose surplus value is expropriated and realized through market exchange #expands (0.90)
• Surplus value arises from the gap between labour time given and reproduction cost #expands (0.85) — Dirk Braunstein, Adorno’s Critique of Political Economy, 1364
• Surplus value is the gap between labour infused and labour bought #expands (0.85) — Yanis Varoufakis, Technofeudalism, 795
• Cooperatives redirected surplus from capital owners to the workers themselves #expands (0.80)
• Surplus-value emerges where equivalent exchange opens a gap over reproduction costs #expands (0.80) — Dirk Braunstein, Adorno’s Critique of Political Economy, 1376
• Ownership asymmetry forces non-owners to sell labour and yield surplus value #expands (0.75) — Yanis Varoufakis, Technofeudalism, 793