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the labor theory of value would say a carpenter can create as many cars in an hour as a laborer working with a factory of robots No, it wouldn't, at all, not e
by jfager 16y ago
the labor theory of value would say a carpenter can create as many cars in an hour as a laborer working with a factory of robots
No, it wouldn't, at all, not even kind of.
Depending on the version you took, it would either say that the "real" price of the car coming off the factory floor would be set by the value of all the labor put into producing it (including the cost of the labor of building the factory itself, all the way on back), or that the price would simply be the value of the labor it would save the purchaser.