• ImplyingImplications@lemmy.ca
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    4 months ago

    It’s known as surplus value. The amount of value created by a worker beyond what they’ve been paid to create it.

    If a worker is paid $10 an hour and produces $100 of value in that hour then they have created surplus value of $90. Surplus value is kept by the company as profit. Socialists argue the amount of surplus value taken by companies has grown exponentially since the industrial revolution where a single worker could produce massive amounts of value in a small amount of time. Wages have not increased to compensate for the massive increase in surplus value.

    • spankinspinach@sh.itjust.works
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      4 months ago

      Oh yeah the gap in surplus value is ridiculous, and continues to get worse. Sorry my comment was meant as a lazy “and you too can have $28B” joke 🤣