View Poll Results: Is Labor a Commodity

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  • Yes, it's a commodity subject to the market of wages offered

    10 33.33%
  • No, it's not a commodity, workers should receive a living wage

    12 40.00%
  • Yes, fill in your own justification

    2 6.67%
  • No, fill in your own justification

    6 20.00%
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Thread: Is Labor a Commodity?

  1. #191
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    Re: Is Labor a Commodity?

    Quote Originally Posted by Goldenboy219 View Post
    I disagree. IMO, labor is a form of capital, not a commodity.
    There was a post/thread here about an economist who wanted to include capital itself into the input/output considerations. Frankly, its so obvious that capital performs work that I was amazed it wasn't already.
    Anyone wondering what I'm talking about start here:
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  2. #192
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    Re: Is Labor a Commodity?

    Quote Originally Posted by liblady View Post
    it could be, i think. do commodities have to be physical? is it enough that they can be bought and sold regardless of the form they take?
    How does one define commodity?

    Gold is a commodity, yes? But is a gold necklace with the shape of the Cash Money emblem a commodity?

    Corn is a commodity, yes? But is a tortilla a commodity?

    I believe there are significant distinctions between commodities and capital.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #193
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    Re: Is Labor a Commodity?

    Quote Originally Posted by What if...? View Post
    There was a post/thread here about an economist who wanted to include capital itself into the input/output considerations. Frankly, its so obvious that capital performs work that I was amazed it wasn't already.
    From what i know, capital is included into input/output considerations.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  4. #194
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    Re: Is Labor a Commodity?

    Quote Originally Posted by Goldenboy219 View Post
    From what i know, capital is included into input/output considerations.
    It was Louis Kelso. I have the pdf "what louis kelso knew".

    I'm no expert on economics, but the piece was very interesting.

    I'll have to re read it, but it was something to the effect that capital doesn't do "work" I believe.

    You obviously know more about the subject than I do. I would like to know what you think. (I'm pretty busy and don't have time to reread it right this second, but will as soon as I get a chance today)
    Last edited by What if...?; 09-12-11 at 05:14 PM.
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  5. #195
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    Re: Is Labor a Commodity?

    Quote Originally Posted by What if...? View Post
    It was Louis Kelso. I have the pdf "what louis kelso knew".

    I'm no expert on economics, but the piece was very interesting.
    The basic isocost analysis is based upon varying output at different labor/capital ratio's holding commodity input costs constant. I wouldn't mind looking at the PDF.

    Edit: Kelso was technically (imo) a socialist.
    Last edited by Kushinator; 09-12-11 at 05:11 PM.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #196
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    Re: Is Labor a Commodity?

    Quote Originally Posted by Goldenboy219 View Post
    The basic isocost analysis is based upon varying output at different labor/capital ratio's holding commodity input costs constant. I wouldn't mind looking at the PDF.

    Edit: Kelso was technically (imo) a socialist.
    http://www.google.com/m/url?client=m...Ahp_VqM0q0RrDQ
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

  7. #197
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    Re: Is Labor a Commodity?

    What is it exactly are you stating when you say:
    there was a post/thread here about an economist who wanted to include capital itself into the input/output considerations.
    Capital has been included into input/output considerations.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #198
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    Re: Is Labor a Commodity?

    Quote Originally Posted by Goldenboy219 View Post
    What is it exactly are you stating when you say:

    Capital has been included into input/output considerations.
    Like I said, I'll have to re-read it, but what I remember is that it was about capitals "role" in calculations. That it doesn't "perform work" in those calculations the way labor does, even though they are similar in what they actually do irl.

    Let me read it and I'll get back to you.

    I'm real good with concepts, but don't have the "language" for economics, so have some difficulty expressing myself to those who do. It stuck with me as something of note, so I'm sure I have a reason!

    (Even "friendly" economics guys dismiss my questions sometimes because they sound more ignorant than they are because I lack the language/referents. So bear with me.)
    Last edited by What if...?; 09-12-11 at 05:44 PM.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

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    Re: Is Labor a Commodity?

    Quote Originally Posted by ksu_aviator View Post
    Why would you assume that wages would continually work downwards? Has any commodity gotten cheaper over the years? Have products gotten cheaper over the years? No. If labor was treated exactly like a commodity, wouldn't it increase in cost just like other commodities?
    I could have worded this better, as I was referring to the “give room” which would be driven to 0, or in my example the added “seniority” compensation would be eliminated if labor were to be treated simply like a commodity, and the employee would be paid closest to the going market rate for the skill he/she is providing as possible – always.

    No perks like if making a higher salary if in a position longer than someone else (when assumption is that the person probably isn’t going to get any more skillful with added years).
    Last edited by David D.; 09-12-11 at 07:03 PM.

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    Re: Is Labor a Commodity?

    Depends on how your community values/uses it. To the Puritans, labor kept sin at bay and was a duty to God. That essence of labor for them was a religious exercise, not a capitalist enterprise.

    Many cultures have been of different opinions about the nature of labor.

    As a Christian-of-sorts, I tend to be more sympathetic toward the spiritual benefits of labor than the economic ones. However, that belief is not generally maintained in the United States, and for all intents and purposes we have forced labor to function as a commodity, against what is perhaps its better nature.
    Last edited by Morality Games; 09-12-11 at 08:40 PM.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

    St. Benedict

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