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[57] Dannymangum: Labor Time. In assessing value we look at the amount of value-constituting substance
found in the article. The value-constituting substance is labor, because it
is the one input that all commodities have in common, as it pertains to
production. In our measure of labor we look at the total labor that went
into the commodity, not just the final product. Since we must calculate
every ounce of labor that went into the commodity to determine its value,
measuring anything other than duration of time spent would be extremely
problematic. Each stage of production has different areas of difficulty,
whether that be physically taxing or of a more intricate nature. The only
measurable aspect that all commodities have in common is time.
The other pro time measuring argument would be the ease in which it can be
obtained. While counting beads of sweat or movements would take painstaking
measures to produce. Time is relatively easy to collect as well as an
effective source of measurement for our intents and purposes. |
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