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This is the core of Marxism
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this post was submitted on 07 Jun 2024
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chapotraphouse
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Other gave good responses, but here are two papers which test the Marxian Labor Theory of Value with contemporary economic data if you are interested:
Zachariah, Dave. Labour Value and Equalisation of Profit Rates: A Multi-Country Study.
Tsoulfidis, Lefteris, and Dimitris Paitaridis. “Chapter 8 On the Labor Theory of Value: Statistical Artefacts or Regularities?” Research in Political Economy, edited by Paul Zarembka, vol. 25, Emerald Group Publishing Limited, 2009, pp. 209–32, https://doi.org/10.1108/S0161-7230(2009)0000025011.
The bibliography of the first paper also has a lot of related reading.