Talk:Socially necessary labour time
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"If the average productivity is that of a skilled worker, and a skilled worker produces a commodity in one hour, and an unskilled worker produces a commodity in four hours; then, the unskilled worker will have only contributed one hour's worth of value in terms of socially necessary labour time. The excess hours worked by the unskilled worker do not produce social value."
Is the highlighted word not meant to be skilled or am i reading it wrong? -max rspct 29 June 2005 14:10 (UTC)
The highlighted word is meant to be unskilled. If the socially necessary labour time to make a telephone is one hour, and Fred produces a phone in one hour, and Stew produces a phone in four hours, then: Fred's labour is worth one hour of SNL, and Stew's labour is worth one hour of SNL. All things being equal, for each hour Stew will be paid 1/4 of Fred's wages. Socially necessary labour time is used to produce equivalences of actual hours worked between skill differentials and between mechanised/less-mechanised/unmechanised labour. Fifelfoo 29 June 2005 22:50 (UTC)
