1. Means of Production and Labor
The means of production are the tools, machines, and materials used to make things, like ovens in a bakery or sewing machines in a factory. Labor is the actual work people do using those tools, like baking bread or sewing shirts. One can’t work without the other. For example, in a coffee shop, the espresso machine is part of the means of production, and the worker making the coffee is doing labor. Both are needed to create the final product.
2. What is value? What makes something valuable?
Value is how much human labor is needed to make something. It’s not just about how much people want the item, but how much work and time went into it. If something takes a lot of time and effort to make using common tools and skills, it has more value. For example, a hand-carved chair has more value than a mass-produced plastic stool because it takes more labor to make. So, value comes from human work.
3. How are labor and value related?
Labor and value are closely connected because labor creates value. Without work, raw materials don’t become useful products. The more time and effort it takes to make something, the more value it has. A shirt made by hand has more value than one made quickly by a machine, because more labor went into it. This is why labor is considered the source of value in Marx’s theory.
4. What’s the difference between labor and labor power?
Labor is the work someone does, like teaching a class or cooking food. Labor power is the ability to do that work—the energy, skills, and time a worker brings to the job. When someone is hired, they’re really selling their labor power to the employer, not just the labor itself. The boss then uses that labor power to make products and earn money. So labor is the action, and labor power is the potential to act.
5. What is surplus value? Why is it important in understanding social class?
Surplus value is the extra money a business makes from a worker’s labor that the worker doesn’t get paid for. For example, if a worker makes $400 worth of salads in one hour but only gets paid $20, the other $380 goes to the company. That extra is called surplus value. It’s important because it shows how companies profit from workers and why there’s a big gap between rich and poor. Workers create the value, but owners keep the profit.