Susan earns $100 per day in wages for an 8 hour day. Her employer earns $100 per day in profits.

Question

Quizplus · Accepted Answer

Necessary labor time refers to the amount of work time required for a worker to produce the equivalent value of their wage. Surplus labor time is the additional work time beyond the necessary labor time, during which the worker produces surplus value for the employer. If Susan earns $100 per day and her employer also earns $100 in profits, it implies that half of her working day (4 hours) generates her wage (necessary labor time), and the other half (4 hours) generates profit for her employer (surplus labor time).

Susan Earns $100 Per Day in Wages for an 8