Man vs. Machine Surplus Theory of Value Output Essay example

Decent Essays
Mos 1
Steffan J Mos
ISF 100A essay 1
Prompt 1

Man vs. Machine Surplus Value output

Within society there has always been producers and consumers, those who work for the benefit of others to gain in return a medium of exchange of wealth and salary for personal consumption at a later time. But at what cost of these workers, what of the surplus or rather byproduct of labor that workers create for capitalists to make economic profit of the workers? Their labor-cost, according to nineteenth century German economist Karl Marx, is then able to be appropriated by Capitalist and in return allows then for economic profit/growth. This being the root of what we call capital accumulation, or the gathering of objects of value to
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The more mechanized a firm is in any sector tends to be more profitable than less mechanized ones in the long run. However the investment in industrializing the workforce would have short-term ramifications of production of the machines, and the cost of human labor to put together the machine. For instance a company could see a short run decrease in production and sales by their investment into mechanized systems, however after the production of the machine, the rate of output and efficiency of a company would be better off and more production then a company that had not mechanized. We see here that in this day and age the there is a new dominant leader in the market place is the industrial capitalist. By taking out the human labor and focus on mechanized labor, firms then have the ability to allocate resources efficiently and effectively elsewhere and reach a max level of production and profit. What Marx found puzzling about his surplus value theory, is how do we determine the actual value of the machines? What seemed troubling to Marx was how could we decipher the labor use of the worker and the capacity of the machines to maximize production while being able to use incorporate them both so there is
Mos 3 this use of allocated efficiency in the workplace. What makes it difficult is without having the mechanized labor; the rate of production drops but also decreases the labor force. In that, the question is posed,
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