Suppose it takes ten men twenty hours to make 100 pairs of shoes in one factory and ten men one hundred hours to make 100 pairs of shoes in another factory. What would determine the value of a pair of shoes? The labor contained in the shoes produced in the first mentioned factory or in the second factory? Or the AVERAGE labor time necessary to produce a pair of shoes?
The working class generally receives the value of its labor power. But it does not receive the value of its PRODUCT. Explain the difference between these two.
Where do the profits come from? What is surplus value? Who appropriates it? Can an employer of labor pay his workmen the value of their labor power and sell their product at its value, and still make a profit? Would it ever be possible for him to pay the laborers MORE than the value of their labor power and to sell their products at LESS than their value, and still make a profit? Explain why this would be possible.
Are the workers any better off where the cost of living is low than where the cost of living is high? Are they able to save any more in the countries of low prices? Do low prices benefit the working class? Do we find wages high or low where the cost of living is high? Where the cost of living is low? Does a low cost of living benefit the capitalists? Why?
Do your butcher and your baker and your landlord exploit you? Suppose all three classes of men were suddently able to double prices in America, would you pay the additional bills or WOULD THE EMPLOYING CAPITALISTS pay them? Would wages rise? Suppose wages did NOT rise, would you then be getting the value of your labor power? If you failed to get higher wages, would this mean that the landlord and butcher and baker exploit you, or would it mean that you had to have more wages, if you were to continue to receive the value of your labor power?
What is the great aim of Socialism?
