Comment by int_19h
It applies to those other people as well, though.
When you get down to it, all profit any company makes is quite literally the value generated by its employees that was extracted from them.
It applies to those other people as well, though.
When you get down to it, all profit any company makes is quite literally the value generated by its employees that was extracted from them.
All profit made by an employee is value invested by a business' owners and creditors extracted from it.
So what? You just seem to have found a perjorative way to describe work. If I pay someone to fix my tap the comfort I have now my taps work comes from me "extracting" value from the plumber?
And it's worse than that. Profit isn't just employee work. If I buy a robot to replace an employee, I might have more profit. And it's not just that work. It's also contracts with other suppliers, and risks, and debt to pay back, and decisions made, and agreements and relationships, and automation.