| This question <127-1|136-2> overall <134|135> Veblen: <30|135-1>. |
| Question 88: Does skilled labor (i.e., labor for which schooling and training is necessary, for instance the labor of an engineer) produce more value per hour than unskilled labor (like the labor of a janitor)? Explain! |
| [134-2] Veblen: comparative labours Once again the answer is yes. Skilled labor is “intensified” simple average labor, and unskilled labor should be considered, simple average labor. |
| EXP: If man X(who has 4 years of training) produces a gadget, and man Y(who has 2 years of training)produces a gidget, the market needs to be able to quantitatively equalise their labor. It does this by assigning simple average labor to the commodity, and per the example, a gidget would be worth 2sal, and a gadget would be worth 4sal. |
| As marx says, “More complicated labor counts only as intensified or rather multiplied simple labor,..” (v. pg 135) Though it may be qualified identically, it is quantified in a greater proportion. |
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