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this post was submitted on 09 Aug 2023
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If you were paid what you were worth the company wouldn't make any money.
Corporations exist by the excess value of their workers' labor, by definition.
Eh that's a paradox though. If the company makes no money, there's no job for you in the first place making you worth nothing.
No you are misunderstanding the roles of labor and capital. If I withhold my labor, then the owners have nothing to sell. If they withhold pay to me, I go to another company with my labor. Capital cannot create value, only labor can.
You can go to another company, but they too wouldn’t exist if they didn’t make money.
It’s not a paradox. The money the company makes is profit. Profit is what’s left of revenue after costs are subtracted. People’s pay is a cost.