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I agree that value is subjective, but value is still created by labor. Sit and stare at a rock and you have created no new value. Labor can also destroy value
by recursivedoubts 4y ago
I agree that value is subjective, but value is still created by labor.
Sit and stare at a rock and you have created no new value.
Labor can also destroy value, for example when a building is destroyed in a riot, or when a rock is pushed up a hill to a location that makes it less valuable.
- MichaelCollins 4y agoTrip over a sufficiently shiny rock and you'll discover that it has value (to some people) even though you put no labor into it.
- recursivedoubts 4y agoyes, a very small amount of readily available (labor free) raw material has value to some people but most raw material requires applied labor to become valuable: at the very least transportation to them