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[67] Greg: labor-time. Labor is measured by time versus quantity produced or drops of sweat.
Time defined labor is the only way to measure and compensate for the
labor produced. What if labor was measured by units made or sales
revenue brought in? The quantity of one type of unit may take longer
to bring in as compared to another. If person A produced 75 flash
drives and person B produced 75 CD players it may take 2 hours of
labor for person A but person B did 4 hours of labor. It may take
longer to produce CD players but this increased time of labor is
necessary in order for the quantity of units to be made.
Phil [61] states “The entire labor pool only has a specific amount of
time that it can give to production.” The time of the labor-pool is
limited. It is necessary to expect production of items to take X
amount of time. Therefore we must compensate labor by measurement of
time. Hans [42] quoted from students in past terms “The product is
not produced by the pain or the sweat of the producer, but by the
producer devoting his or her normal life activity to the purpose of
producing this thing.” It is not necessary for the laborer to exhaust
him or herself by producing the goods at a faster rate, rather to keep
production at usual levels the goods will be produced in the normal
time span. |
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