Labor-power: Difference between revisions
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'''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 physcial and mental capability to produce a [[use-value]] of any kind. 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 physcial and mental capability to produce a [[use-value]] of any kind. 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]] | ||
Revision as of 12:37, 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 physcial and mental capability to produce a use-value of any kind. 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.