| This question <31|33> overall <31|33> Kids: <83|83>. |
| 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! |
| [32] Kids: Skilled labor and Unskilled labor A society does not directly regulate the working activity of people but regulates it through the value of the products of labor (commodity). According to the value of commodity, the quantity of labor coincides with the quantity of labor which society can spend on the production of the given type of commodities. This means that the value of the commodity depends on the quantity of labor socially necessary for its production. |
| If the value of a commodity is determined by the quantity of labor spent on it, the more unskilled the labor, the more valuable would their commodity be, because more time would be required in the production. |
| This approach emphasizes the differences in the availability of skilled and unskilled labor. The highly skilled labor will have a comparative advantage in producing goods that require relatively large amounts of unskilled labor. |
| Skill is the ability to combine resources in producing the goods and services that a society wants. Therefore, skilled labor produce more value per hour than unskilled labor. |
| Hans: The concept of value you use in your last paragraph has nothing to do with Marx's concept of value. And your first sentence is only true for capitalist society: |
| A society does not directly regulate the working activity of people but regulates it through the value of the products of labor (commodity). |
| It would be more desirable if people themselves had some say in the direction of social production, instead of leaving this to blind market forces. |
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