{"id":10861,"date":"2025-03-03T23:59:00","date_gmt":"2025-03-04T04:59:00","guid":{"rendered":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/?p=10861"},"modified":"2025-02-22T18:39:45","modified_gmt":"2025-02-22T23:39:45","slug":"sharif-rashed-discussion-5-1","status":"publish","type":"post","link":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/2025\/03\/03\/sharif-rashed-discussion-5-1\/","title":{"rendered":"Sharif Rashed &#8211; Discussion 5.1"},"content":{"rendered":"\n<ol class=\"wp-block-list\">\n<li>Means of production is what is needed to produce a product. Labor is the time and energy required to produce a product. To make orange juice, you need oranges and a tool to extract the juice. The time and energy required to extract the juice is the labor.<\/li>\n\n\n\n<li>Value is the amount of time and energy (labor) required to produce a product under normal circumstances. The more time, specialty, and training required to produce something then the more valuable it is. Inversely, the less time, specialty, and training required then the less valuable it is.<\/li>\n\n\n\n<li>Labor is the key component in determining value. The more labor required, the value increases. The less labor required, the value decreases.<\/li>\n\n\n\n<li>Labor is the time and energy required to produce something. Labor power is the ability to perform the labor. Different products will require different labor power. A locksmith has a different labor power than a software engineer.<\/li>\n\n\n\n<li>Surplus value is the profit made from labor. Surplus value is the reason capitalism exists. The capitalists make money off the labor of the working class. That profit is based on the surplus value of labor. If an hourly worker gets paid $10\/hr and within their 8-hour shift, they produce enough for their $80 to be paid in 3 hours of their shift, then the remaining 5 hours of their shift is surplus value.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":10315,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"portfolio_post_id":0,"portfolio_citation":"","portfolio_annotation":"","openlab_post_visibility":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-10861","post","type-post","status-publish","format-standard","hentry","category-discussion-board-5-1"],"_links":{"self":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/posts\/10861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/users\/10315"}],"replies":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/comments?post=10861"}],"version-history":[{"count":2,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/posts\/10861\/revisions"}],"predecessor-version":[{"id":10864,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/posts\/10861\/revisions\/10864"}],"wp:attachment":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/media?parent=10861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/categories?post=10861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0505-spring-2025-introduction-to-american-government\/wp-json\/wp\/v2\/tags?post=10861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}