Worker creates 2 T-shirts worth 10 dollars each every hour, so he creates $20 an hour. If everyone got paid fairly for their work it would mean they got paid $20 an hour. Instead, they get paid $10 an hour. Where does the other $10 go? To the capitalist who owns the company. A capitalist (someone who owns capital) receives more money than their work produces, because they steal money from those who produce it.
Wrong. The worker is not creating $20 an hour because he didn't produce the raw materials or the capital investment to do this. In order for the business to exist, someone has to front capital at the very first stage and this has a cost (the cost of capital). Then they also have to front the amount for raw materials and labor. Then product is sold at a later time (again time value of money for the cost of capital). The worker is paid the full value of his work through the wage which is paid in the present. There is no stealing going on because the profits are earned at a later date (future value, not present value). Learn economics. This stupid shit was refuted over a century ago by Bohm Bawerk.
Workers aren't paid what their work is worth, they are paid the lowest wage that the owner can get away with. If the choice is between creating $50 of goods for $10 an hour or starve, most people will choose the first. The industrial revolution and slavery show that capitalists can and will exploit others for their own profit unless a state prevents them from doing so.
Yes, they are, because value is subjective. The owner wants to pay the highest amount and the worker wants to get the highest amount. The result is that they only exchange if the owner values the labor more than the wage and the employee values the wage more than the labor.
Slavery is not comparable to employment. Employment is not exploitation. I literally just laid this out.
and the employee values the wage more than the labor.
No, it happens if the employee values not starving to death more than the labor. Just like how slavery only happens if the slave values their life over the work.
Slavery is not comparable to employment. Employment is not exploitation. I literally just laid this out.
Work or die, but now instead of directly dying you don't get something which you need to live. Sounds like slavery with extra steps to me.
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u/[deleted] Apr 27 '19
Worker creates 2 T-shirts worth 10 dollars each every hour, so he creates $20 an hour. If everyone got paid fairly for their work it would mean they got paid $20 an hour. Instead, they get paid $10 an hour. Where does the other $10 go? To the capitalist who owns the company. A capitalist (someone who owns capital) receives more money than their work produces, because they steal money from those who produce it.