It’s known as surplus value. The amount of value created by a worker beyond what they’ve been paid to create it.
If a worker is paid $10 an hour and produces $100 of value in that hour then they have created surplus value of $90. Surplus value is kept by the company as profit. Socialists argue the amount of surplus value taken by companies has grown exponentially since the industrial revolution where a single worker could produce massive amounts of value in a small amount of time. Wages have not increased to compensate for the massive increase in surplus value.
If you made $0.1 for every $1 Amazon made you’d have $28,100,000,000 dollars a year.
I’m listening
It’s known as surplus value. The amount of value created by a worker beyond what they’ve been paid to create it.
If a worker is paid $10 an hour and produces $100 of value in that hour then they have created surplus value of $90. Surplus value is kept by the company as profit. Socialists argue the amount of surplus value taken by companies has grown exponentially since the industrial revolution where a single worker could produce massive amounts of value in a small amount of time. Wages have not increased to compensate for the massive increase in surplus value.
Oh yeah the gap in surplus value is ridiculous, and continues to get worse. Sorry my comment was meant as a lazy “and you too can have $28B” joke 🤣