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Reply #26: No, I'm not saying all that, I'm just asking, since workers in aggregate [View All]

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-12-08 09:24 PM
Response to Reply #10
26. No, I'm not saying all that, I'm just asking, since workers in aggregate
Edited on Sat Jul-12-08 09:26 PM by Hannah Bell
are always paid less than the cost price of the goods they produce, package & transport, that necessarily means they can't buy them all back.

Say there's one business that makes $1000 worth of yachts; they pay their workers $500 in wages.

Another makes $2000 worth of houses, pays their workers $1800 in wages.

another makes $3000 of milk, pays their workers $1500.

Ok, so there's now:

$1000 in yachts, $2000 in houses, $3000 in milk worth of goods on the market, $6000 worth of goods on the market. ThAt's pre-profit cost price.

The workers have $3800 in wages to spend.

They can't buy everything, even at cost. You can repeat the numbers ad infinitum, it still comes out the same.

So where does profit come from?
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