This question <218-1|314-4> overall <242|242-3> Dragonfly: <53|332-4>.  
  Question 74: Does skilled labor produce more value per hour than unskilled labor? Explain!   
  [242-2] Dragonfly: Skilled Labor does not produce more value per hour than unskilled labor. Skilled labor, in it's accessment of value per hour, must take into account a variety of factors, including: the cost to the laborer of education (resulting in the skilled labor status) and the value of the time spent getting the education (time not spent selling labor or producing commodities). While these arguments are equally relevant to a description of the wage of the skilled laborer vs. the wage of the unskilled laborer, one must be sure not to confuse the value of skilled labor and the wage of the skilled laborer. There is also the question of the value of the commodity produced by the skilled laborer. THe unskilled laborer produces through their labor, the commodity which, most often, are the most necessary commodity: perhaps even the foundation of the economy, i.e. food, water, power, roads, etc. Without these commodities, the skilled laborer would not only not be able to produce their commodities, but would scarcely be able to live. Marx would suggest that as all value is simply congealed abstract labor time, and, thusly all labor hours are equal.   
  Hans: Your grade suffered because your resubmission was one day late. You bring some of the right arguments, but you do not put them together correctly, and at the end you bring the wrong arguments instead. It is right that the skilled labor has to account for the time spent for acquiring the skill. Consequently, one hour spent in using the skilled labor produces more than one hour of simple labor. This has nothing to do with the fact how necessary the labors are.   
 
 
 
  Students enrolled for Econ 5080 in 2009fa are invited to give feedback to the above message
Pseudonym:      UofU ID:  
Text: