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[40] SA: The reason labor is measured by labor-time and not by
any other means is because time is a very efficient way of
measuring labor. Labor can be broken down and measured by
every basic human activity, but this would make the process
very inefficient. Considering all the industries and kinds
of labor that exist, measuring labor in such a broken down
fashion would require a tremendous amount of time and
effort. This would create instability in the quality and
value of a product or service. In a competitive market, one
would expect units of measurements to become constant for
reasons of simplicity. Measuring labor in time decreases the
amount of time and effort required, and sets industry
standards where quality and value are constant. This is why
a capitalist society evolved into measuring labor in
time. |
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