Facts For Working People
Aug 25, 2013
If we ask workers, or even capitalists where profit comes from, the answer generally is that it comes from selling the product that the particular industry makes above its cost of production.
But this is not so. Profit is made not by selling a product higher than the cost of making it it but in the labor process itself.
The capitalist sells the commodity the worker makes for more than the capital he or she put out in the labor process, the capital for machinery, plant etc along with wages or the price of labor power.