Labor-power: Difference between revisions
Jump to navigation
Jump to search
mNo edit summary |
m (Fixed typo) |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
'''Labor-power''' is the capacity or ability of a human being to perform [[labor]]. It is not the act of working itself, but rather the | '''Labor-power''' is the capacity or ability of a human being to perform [[labor]]. It is not the act of working itself, but rather the physical and mental capability to work. The expenditure of human labor-power is called [[abstract labor]]. | ||
Under [[capitalism]], labor-power is a [[commodity]], since [[worker]]s do not own the [[means of production]], thus they are forced to sell their labor-power to a [[capitalist]] for a [[wage]]. | Under [[capitalism]], labor-power is a [[commodity]], since [[worker]]s do not own the [[means of production]], thus they are forced to sell their labor-power to a [[capitalist]] for a [[wage]]. | ||
[[Category:Marxist economics]][[Category:Theory]] | [[Category:Marxist economics]][[Category:Theory]] | ||
Latest revision as of 12:39, 25 November 2025
Labor-power is the capacity or ability of a human being to perform labor. It is not the act of working itself, but rather the physical and mental capability to work. The expenditure of human labor-power is called abstract labor.
Under capitalism, labor-power is a commodity, since workers do not own the means of production, thus they are forced to sell their labor-power to a capitalist for a wage.