-
is that capital-- that labor is a commodity
-
and the labor theory of value more or less applies to that commodity.
-
So how much do you have to pay for the commodity
-
which he calls labor power or laboring powering?
-
Well you have to pay what it costs to feed the worker,
-
to clothe the worker, to rear his or her children,
-
you have--the analogy is imagine you have a plow horse,
-
what does it cost you to maintain the plow horse?
-
Well that same reasoning Marx applies to the workforce.
-
You pay wages that are broadly consistent with that.
-
So in my diagram the laboring power is represented by the blue
-
and capital pays labor that much for its activity.