This is a real dumb argument. A fry cook "works harder" than a Doctor too. Hard labor isn't the criteria for wages, it's your skills & the demand for those skills. But that doesn't mean that CEO pay should go up 1,000% when other wages become stagnant as productivity increase.https://twitter.com/Joshua4Congress/status/1171024209964744704 …
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I think this can be seen as a variation of "the mud pie" argument. This has already been addressed: the labour theory of value takes into account that the product of your labour needs to have a social value (it has to be useful to someone in society)...
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... If it only has individual labour (physical/mental/other effort) but no social value (no one wants it), then it won't have a corresponding capital value. This video covers this topic in more depth (the series is a nice introduction to theory of value)https://www.youtube.com/watch?v=UltE6U4t8Vc …
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This is an ancap argument. Profit is derived from the products created by workers subtracting the wages paid to the workers and the manufacturing costs. It behooves capitalists to minimize wages regardless of "skills." Have wages stagnated 'cause people are just too unskilled?
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Right, which is why the min wage should be higher i.e. because productivity has gone up, but there is a comparatively smaller pool of higher-skilled labor that provides goods & services at a higher price & therefore have better bargaining power when it comes to the wages set
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Labour theory of value refers to socially useful labor, ie demand. You obviously haven't read up on this stuff.
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