[MD] The Empire
craigerb at comcast.net
craigerb at comcast.net
Thu Oct 2 16:52:08 PDT 2008
[Chris]
> [the capitalist] owns the production means he can gain ALL the profits
[Craig, previously]
> Except for the profit that his workers make by working.
[Chris]
> my point is quite legitimate, and you have yet to provide an argument against it.
But that is the argument against it.
Suppose an employer (not a capitalist) hires workers at $6/hr & employs them
on a project that pays him $7/hr/worker. From his profits he buys machines
(= capital) for the workers to use. As the workers are more skilled,
he raises their pay to $8/hr. & because they are much more productive,
he can charge $12/hr//worker.
So the capitalist splits his profit with the workers.
[Chris]
> Give me a break
Okay, but from now on, you must earn it.
Craig
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