What adds value to a product or a service?

It's the labour - physical, intellectual - that is used to make it. The profit comes from not rewarding the labourer with the share of that increased value their labour has added to it.

And it's that struggle over who gets what proportion of that surplus value that defines the politics of an age. In the 70s labour had the upper hand in the 80s to now it's been capital.

Posted By: slater, Nov 22, 14:47:36